Resources
Estate Planning Essentials: November 2019
Chambliss Estate Planning Essentials brings you legal developments and other trends of vital interest in the world of estate planning. This post is brought to you by David W. Hunter and other members of the Estate Planning Practice Group of Chambliss Law Firm.
Chambliss Law Firm Monthly Editorial
Year End Charitable Giving Technique – IRA Qualified Charitable Distributions
by David W. Hunter
The changes enacted under the Tax Cuts and Jobs Act of 2017 have made qualified charitable distributions (QCD) from individual retirement accounts (IRAs) particularly attractive to taxpayers.
A QCD is a direct transfer from an IRA to an eligible charity. IRA owners must be at least age 70 ½ to make a QCD. Even if they do not want or need the money, IRA owners must begin taking required minimum distributions (RMDs) from their IRAs when they reach age 70 ½.
QCDs are attractive because they count towards the IRA owner’s RMD for the year. [Click to read the full story.]
Five Estate Planning Myths
There are lots of misconceptions about estate planning, and any one of them can result in costly mistakes. Understanding who needs an estate plan and what it should cover is key to creating a plan that is right for you.
Estate Planning During a Divorce: Four Key Considerations
No matter how well couples plan their estates, no one plans for divorce. Here are some strategies to make sure your wishes are protected during and after the process of separation and divorce.
Three Reasons Why Joint Accounts May Be a Poor Estate Plan
Many people, especially seniors, see joint ownership as an easy way to avoid probate and plan for incapacity, but there are major drawbacks to joint accounts.
Charitable Remainder Trusts: Income for Life and a Good Deed at Death
Many people like the idea of leaving bequests to favorite charities in their wills. But instead of leaving money to a charity in your will, you can put that money into a charitable remainder trust and collect income while you are still alive.
