Facebook

Google

9:00 - 5:00

Our Opening Hours Mon. - Fri.

702.938.2244

Call Us For Free Consultation

Search
Menu
 

Blog

Does Your Existing Trust Split into Two Trusts at the First Death?

Fortunately, most of our clients come in every so often, at which time, we have the opportunity to review the documents and make sure everything is up to date, reflects the client’s current wishes, and that the trust and other documents are set up in a way that will most efficiently provide for administration and distribution of an estate....

Continue reading

Naming a Trust as Beneficiary of Your IRA

There is considerable confusion concerning the effects of naming a trust as the beneficiary of an IRA. What is most remarkable about this subject is that it seems to me that most professionals who should know better, i.e. CPA’s, investment professionals and lawyers, have as many misconceptions and gaps in their knowledge as the general public....

Continue reading

Why You Should Pay Your Charitable Gifts in One Year

For those of you who may make significant charitable gifts each year, the following may help you get more out of those gifts for income tax purposes. Let’s say you are married and you are in the 24% income tax bracket. In recent years past, you and your spouse could either itemize your deductions on schedule A of your 1040, or together you and your spouse could use the $13,000 standard deduction, which anyone can take, even if they have no itemized deductions. So each year you would calculate your Schedule A deductions and if those were more than the standard...

Continue reading