Advisor's Journal
Don’t Risk It: Hybrid Policies Can Reduce the Risks in Long-Term Care
By Robert Bloink, JD, LLM and William H. Byrnes, JD, LLM
You can help these clients avoid overpaying for long-term care by using a life insurance policy to provide coverage in the event that long-term care is needed, while simultaneously preserving your client’s estate if the need for care does not arise.
Double Down on Tax Benefits with HSAs
By Robert Bloink, JD, LLM and Prof. William H. Byrnes, JD, LLM
In today’s uncertain tax environment, Health Savings can be as important as an actual retirement account to your client’s financial security.
The Timing of Maximizing Benefits and Minimizing Taxes on Social Security
By Robert Bloink, JD, LLM and Prof. William H. Byrnes, JD, LLM
It’s tempting for your clients to jump at the opportunity to claim Social Security benefits as soon as they become eligible—but for many clients, this might not be the wisest move.
Overfunded Roth IRAs May Provide Shelter for Upper Middle Class
By Robert Bloink, JD, LLM and Prof. William H. Byrnes, JD, LLM
The impending 3.8 percent tax on investment income scheduled to become effective in 2013 may have your upper middle class clients scrambling to find ways to reinvest their funds.
Practice Aids
Buy Sell Agreements
Stock Redemption and Cross Purchase Agreements, Family Attribution, Business Succession Planning... |
Estate Planning
Wills, Trusts, Joint Tenancy, Tenancy in Common, POD accounts, Custodial Accounts, Intestate Succession... |
Business Life Insurance
Key Person Insurance, Executive Bonus, Deferred Compensation, Rabbi Trusts, Secular Trusts, Split-Dollar, ... |
Retirement Planning
IRAs, SEPs, 401(k)s, Qualified Retirement Plans, ESOPs, Rollovers, Life Insurance in Qualified Plans... |
Financial Planning
Disability Income Insurance, Long Term Care Insurance, Health Insurance, 529 Plans, Taxation of Investments... |
Employee Benefits
Group Term Life Insurance, COBRA, Cafeteria Plans, Flexible Spending Accounts, Health Savings Account... |
Selected Highlights
Under common law minors cannot own property in their own names. This does not mean that a minor cannot inherit an IRA or be designated as the beneficiary of an IRA; it means that their are special considerations.
Powers of appointment are a valuable tool in estate plans, because they allow for future flexibility in the ultimate disposition of the donors property which is placed in a trust.
For wealthier and more sophisticated investors 529 Plans may not be the best option to financially prepare for college.
A substantial portion of the wealth possessed by Americans today consists of IRAs, 401(k)s and 403(b)s. This article covers all the distribution rules and all aspects of trusts as beneficiaries of tax deferred retirement accounts including sample forms.
Certain high income clients who have not previously made deductible IRA contributions ought consider opening a traditional IRA this year and contributing the largest allowable nondeductible contribution they can manage.
The will approach is based upon one of two major assumptions. At the time of the interview, either the prospect has a will or doesn`t - there`s no middle ground.
Significant tax advantages can be achieved by widows and widowers who are beneficiaries of credit shelter trusts (established upon the deaths of their respective spouses), through the purchase...
Tax Facts
Amounts Not Received as an Annuity, Amounts Received as an Annuity: Fixed Annuities, Annuity Rules: Variable Annuities, Charitable Gift Annuity, Death, Disposition, Divorce, Estate Tax, Gifts and Charitable Gifts, In General, Loss, Private Annuity, Taxation, Withholding
Bond Premium, Corporate Bonds, Inflation-Indexed Bonds, Market Discount, Municipal Bonds, Original Issue Discount, Other Issues Affecting Bonds, Short-Term Taxable Obligations (Maturities One Year or Less), Treasury Bonds and Notes
Accumulated Earnings Tax, Alternative Minimum Tax, Death Proceeds of Business Life Insurance, Estate Tax Issues, Gift Tax Issues, Premiums, S Corporations, Sale or Liquidation of Partnership Interest, Stock Purchase Agreement, Transfer of Policy
Funded Deferred Compensation (Annuities and Trusts), Unfunded Deferred Compensation
New Disclosure Regulations for Retirement Plan Service Providers
Estate Tax, Generation-Skipping Transfer Tax, Gift Tax, Valuation
Corporations And Other Business Entities, General Rules
Abbreviations, About Our Organization, About the Editors, Introduction
Death Benefits, Group Permanent Insurance, Group Survivor Income Benefit, Group Term Life Insurance, Retired Lives Reserves
Employer-Provided Health Insurance, Health and Medical Savings Accounts, Health Insurance And The Estate Tax, Health Insurance And The Gift Tax, The New Health Care Reform Law
Distributions, Early Distributions, Eligibility, Employer-Sponsored IRAs, Estate Tax Issues, Filing Requirements, In General, Required Minimum Distributions, Simple IRA, Simplified Employee Pension (SEP)
Cash Value Increases, Collection of Delinquent Income Taxes from Life Insurance, Creditor Insurance, Death Proceeds, Demutualization, Disability Provisions Under Life Policies, Divorce, Gift Tax Issues, Gifts and Charitable Gifts, Government Life Insurance, Life Insurance Trusts, Life Insurance: Estate Tax Issues, Living Proceeds, Policies Insuring More Than One Life, Premiums, Single Premium Whole Life Insurance Policy, Taxation Of Distribution of Life Insurance Contract, Value of Unmatured Policy
In General, Non-Qualified Long-Term Care Insurance Contract, Premiums, Reporting Requirements, Taxation of Benefits
Insurance & Employee Benefits, Investments
Employer Deduction, Plan Types And Features, Qualification, Qualified Plans And The Estate Tax, Taxation of Distributions
Dividends, Sale or Exchange, Stock Options, Stock Warrants, Worthless Securities
Amounts Received Under the Plan, Changing Issuers, Contract Requirements, Contributions, Distributions, Excise Taxes, Plan Termination, Social Security and Withholding Taxes
