Estate
and Tax Planning
Ronald
J. Cappuccio,
J.D.,
LL.M.(Tax), Estate and Tax
Lawyer, performs the estate and tax
planning necessary to lower estate tax, gift tax, and state inheritance
taxes. The articles in this site will help you understand the use of
revocable and irrevocable trusts, living trusts, dynasty trusts and
QTIP, QPRT and GRAT. Remember, the best method of asset protection is
to prevent
the IRS and government from having a claim on your estate!
Save Your Estate!
Detailed help with Estate Planning, Wills, Trusts, Asset Protection and
Estate Administration - Probate issues.
Estate
Planning Basics - What is a
Will, Living Trust, Durable Power
of Attorney, Guardianship, Probate, Estate Planning?
Estate
Planning FAQs. Answers to
clients specific questions about
estate planning and probate law problems.
Charitable Deduction Rules and Limitations
- Generally, you
can deduct the full
amount of cash contributions
up to 50 percent of your
Adjusted Gross Income (AGI) determined on your US 1040 Income tax
Return.
Insurance
Funded Death Benefit Plan
A Death Benefit plan is a "non-qualified" plan where your company
agrees to pay a death benefit equal to two times your salary for one of
your designated heirs. It is non-qualified because you do not
have to offer this plan to all employees and
you can discriminate in favor of officers and directors. Your business
can purchase life insurance to fund all or a portion of the benefit.
Choosing the
Beneficiary for your 401(k) Plan and IRA - When
choosing a beneficiary for a retirement plan, it is important to
understand how your spouse will be treated under the plan. Surviving
spouses are treated differently under 401(k)s and individual retirement
accounts (IRAs). While a 401(k) provides protections for a surviving
spouse, an IRA does not.
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