As an individual’s income continues to rise, the ability to make a Roth IRA contribution diminishes. Thus enters the ‘backdoor’ traditional IRA conversion to a Roth IRA strategy to enable high-earners the ability to contribute to a Roth IRA.

As an individual’s income continues to rise, the ability to make a Roth IRA contribution diminishes. Thus enters the ‘backdoor’ traditional IRA conversion to a Roth IRA strategy to enable high-earners the ability to contribute to a Roth IRA.

The Corporate Transparency Act as applied to a conventional estate planning trust that holds a reporting entity leads to a lot of unanswered questions on who exactly a beneficial owner is who must be disclosed to FinCEN.

Using a general assignment to fund a Trust, sometimes executed by an attorney-in-fact is often legally effective to fund the principal/settlor’s Trust, but questions can often arise using a general assignment.

A traditional IRA can be used to help pay for post-high school education expenses without incurring a penalty. But that is not the best use of those retirement funds.

There is no rush to open a solo 401(k) account by the end of 2023. But there may still be a deadline.

An irrevocable Trust cannot own real estate as a joint tenant with full rights of survivorship.

A trustee has a duty to collect assets from the decedent’s probate estate if unreasonably withheld.

The 50% penalty imposed on the failure to take a required minimum distribution (RMD) from an inherited retirement account just got waived for three years for some designated beneficiaries.

The SECURE Act 2.0 provided us with many new provisions which became effective on January 1, 2024.