vlmonroe
NEW RULES: AGGREGATING YEAR-OF-DEATH RMDS
Wednesday, August 28, 2024 By Andy Ives, CFP®, AIF®IRA Analyst In my August 19 Slott Report (“Year of Death RMD – Deadline Extended!”), I...
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vlmonroe
- Aug 18
- 4 min
Wrongfully Detained Americans Welcomed Back with IRS Penalties
The tax man waits for no one. Unable to file tax returns while wrongfully detained, hostages are often welcomed back to the homeland with...
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vlmonroe
- Aug 7
- 2 min
NEW RMD REGS HAVE A SURPRISING RESULT FOR MINOR CHILD BENEFICIARIES
Wednesday, July 31, 2024 By Sarah Brenner, JDDirector of Retirement Education In newly released final required minimum distribution (RMD)...
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vlmonroe
- Jul 25
- 8 min
The Secret Battle for the Future of the Murdoch Empire
Rupert Murdoch is locked in a secret legal battle against three of his children over the future of the family’s media empire, as he moves...
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vlmonroe
- Jul 15
- 5 min
Rich People Freeze Themselves, and Fortunes, for Future Revival
Nobody wants to come back from the dead poor. Luckily for the rich, making wealth immortal is more solvable than reversing death. Estate...
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vlmonroe
- Jul 9
- 3 min
Ex-Girlfriend May Get Windfall Due to Beneficiary Designation Snafu
Legal battle over retirement account worth over $750,000. The estate of a late Proctor & Gamble employee is embroiled in a legal battle...
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vlmonroe
- Jun 26
- 5 min
Ed Slott: Time for Some Clients to Ditch Traditional IRAs
Whether a client’s retirement dreams are five years away or 50, the single greatest threat standing in their way is taxes, warns Ed Slott...
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vlmonroe
- Feb 10
- 13 min
The $1 Billion Art Collection That’s Tearing a Family Apart
The moment Melissa Neumann walked into a lawyer’s office eight years ago to hear the reading of her mother’s will, she felt unexpected...
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vlmonroe
- Feb 3
- 2 min
HOW DO YOU REPORT 2023 ROTH IRA CONTRIBUTIONS ON YOUR TAX RETURN? THE ANSWER MAY SURPRISE YOU
Wednesday, January 31, 2024 By Sarah Brenner, JDDirector of Retirement EducationFollow Us on X: @theslottreport Did you make a Roth IRA...
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vlmonroe
- Jan 28
- 3 min
The Psychology Behind Starting Social Security at 62
January 25, 2024 Social Security supplies a substantial share, and often the majority, of a retiree’s income. For these older workers...
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vlmonroe
- Jan 13
- 4 min
An Inheritance Tax Bill You ‘Can’t Fathom’: $10.8 Billion
https://www.nytimes.com/2021/04/28/business/korea-samsung-taxes.html?unlocked_article_code=1.NU0.tQK3.oczL8MpRDDA2&smid=url-share The...
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vlmonroe
- Dec 27, 2023
- 5 min
Trustee of Inter Vivos Revocable Trust Has Duty to Collect Trust Assets
Republished from Probate Stars: A standard estate plan is the use of a “pour over” will with a revocable trust. The will bequeaths the...
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vlmonroe
- Dec 16, 2023
- 3 min
Supreme Court Stock Buyback Case Could Mean Big Estate Tax Bills
Caleb Harshberger A pair of conflicting circuit court decisions regarding estate taxes and company stock valuations are slated to clash...
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vlmonroe
- Dec 10, 2023
- 3 min
How a Fossilized T. Rex Sparked Family Friction in an Estate
Suspicious conditions lead to claims of undue influence. Susan R. Lipp | Dec 06, 2023 It’s not surprising that when a client changes the...
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vlmonroe
- Nov 8, 2023
- 4 min
Steinbrenner’s Legacy Shows Importance of Federal Estate Tax
The federal estate tax has long stood as a fiscal tool aimed at mitigating wealth concentration by taxing a portion of the assets...
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vlmonroe
- May 20, 2023
- 21 min
A Story of Dementia: The Mother Who Changed
In October 2017, Diane Norelius stopped answering the phone. Her two daughters called and called. They called Diane’s boyfriend, Denzil...
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vlmonroe
- Jan 21, 2023
- 9 min
Guidelines for Individual Executors & Trustees
After an individual's death, his or her assets will be gathered, business affairs settled, debts paid, necessary tax returns filed, and...
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vlmonroe
- Jan 7, 2023
- 4 min
The Way to Keep Your Kids From A Probate Fight After You're Gone
Every family is different, but we see a recurring problem with many who have more than one adult child. It is the sense of entitlement to...
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vlmonroe
- Nov 20, 2022
- 6 min
Leaving Retirement Benefits in Trust for Minor ChildrenThese are the options available for parents
Natalie Choate May 11, 2022 Before 2020, a client’s IRA could be left in trust for their children, with the benefit of a long “life...
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vlmonroe
- Oct 15, 2022
- 3 min
How To Buy More Than $10,000 of I Bonds Before the Rate Drops
The Bureau of Labor Statistics Thursday released inflation numbers for September. The Consumer Price Index for All Urban Consumers...
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