Timeless Legal and Financial Planning Q&A

Nathan Merrill, attorney with Goodspeed Merrill, answers a series of common questions that Karl Frank, at A&I Wealth Management, receives on a regular basis. These include:
• 8 min: Inherited a home in a trust, can I use the step-up in basis? Can I use the $250k exemption from taxes?
• 12 min: Planning for modern families, in particular gay couples, and inheritance. Should I use a trust?
• 15 min: Inheriting IRAs and Roth IRAs in trust? Pros and cons? Karl has a significant "con"--the paperwork it creates for the financial advisor and non-spouse inheritor!
• 20 min: Owning real estate in different states when you die, any advice to simplify all this?
• 25 min: Gifting more than the gifting limit, but well below the lifetime gifting limit. Should I just file a gift tax return every year (no!) or should I do some other kind of planning (yes!)?
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Nathan Merrill, attorney
Working with affluent families and entrepreneurs in implementing tax-efficient strategies and wealth preservation
Goodspeed, Merrill
[phone]
[e-mail] (mailto:[e-mail])
www.goodspeedmerrill.com
Jeff Krommendyk, Insurance Expert
Working with business owners and successful families in transferring risk
One Digital Insurance Agency
[phone]
[e-mail] (mailto:[e-mail])
Karl Frank
Financial planner helping a small number of successful families grow and protect their wealth and choose how they want to be taxed
CERTIFIED FINANCIAL PLANNER™
A&I Wealth Management
[phone]
[e-mail] (mailto:[e-mail])
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