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 184 min read
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 72 min read
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 258 min read
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 155 min read
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 93 min read
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 265 min read
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 1013 min read
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 32 min read
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 283 min read
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 134 min read
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, 20235 min read
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, 20233 min read
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, 20233 min read
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, 20234 min read
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, 202321 min read
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, 20239 min read
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, 20234 min read
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, 20226 min read
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, 20223 min read
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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