The Wealth & Wisdom Blog

Information on Estate Planning, Estate and Trust Administration and Unique Asset Planning

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Unintended Consequences: The Use of Conduit Trusts for Retirement Accounts

If you have read any of Malcom Gladwell’s books, or listen to his podcasts, you are acquainted with various examples of the law of unintended consequences. Gladwell demonstrates how well-intentioned efforts to solve societal problem might actually prove to be an impediment to success.  In the 1990’s, Australian lawmakers enacted legislation requiring Australian children to […]

Trusts as Beneficiaries of IRA Accounts

In order to reduce the likelihood that a child or grandchild would make an unwise decision with regard to his or her “share” of remaining retirement account assets, many of our clients implement a plan in which they do not directly name a child or a grandchild as a beneficiary of the retirement account assets.  […]

Income Taxes on Tax Deferred Accounts

Tax-deferred retirement accounts are accounts that allow for investment appreciation and earnings free of any income or capital gains tax until the assets in the account are withdrawn.  Taxes are imposed not when the investment inside such account is sold, or interest or dividends paid, but when the account owner decides to withdraw the assets […]

Full Utilization of a Donor Advised Fund

The implementation of a Donor Advised Funds is at an all time high. Vanguard reported a 45% increase in new DAF accounts in the fourth quarter of 2017, with more than 80% of the gifts comprising non-cash assets, such as appreciated securities.  Likewise, Schwab has reported a 59% increase in the number of new DAF […]