Welcome to the Estate Planning Professional Resource Hub
We invite financial professionals to explore this dedicated section of our website, designed to provide in-depth information and resources on advanced estate planning strategies. This hub is tailored to meet the needs of CPAs, bankers, wealth advisors, and estate planning attorneys, offering detailed technical content beyond our regular blog. Here, you will find comprehensive insights and practical tools to enhance your understanding and expertise in estate planning, ensuring you stay at the forefront of your profession. The K+H team has proficiency in these areas, so please contact us for more information.
Supercharge Your SLAT!
As you continually strive to provide the best advice for your clients, staying updated on advanced estate planning strategies is essential. Learn how Beneficiary Income Accumulation Trust (BIAT®) and Upstream Support planning techniques can enhance Spousal Lifetime Access Trusts (SLATs) and offer significant advantages for clients looking to preserve wealth, reduce tax liabilities, and secure their financial legacies.
Comparison of SLAT v. DAPT v. Lifetime Limited Power of Appointment (LLPOA) “Power Trust” Design Options
Companion chart to OSBA Wealth Transfer Planning CLE June 13, 2013, Part VI of OBIT white paper. Please consult those for more detailed explanation. Abbreviations: DAPT = Domestic Asset Protection Trust, including Ohio Legacy Trust Act, Ohio's DAPT statute at Ohio...
Using BDOTs for Optimal Asset Protection And Income Tax Minimization – The best of both worlds
The 10-year rule, applicable to most trusts that will receive retirement benefits after passage of the Setting Every Community Up for Retirement Enhancement Act (SECURE Act), presents a dilemma for non-Roth individual retirement accounts. For the vast majority of...
New Rules for Inherited IRAs By Surviving Spouses
Section 327 of the SECURE 2.0 Act of 2022 (SECURE 2.0 Act), effective in 2024, which modified Internal Revenue Code Section 401(a)(9)(B)(iv), will provide over which may be quite advantageous to the subsequent beneficiaries (especially if they’re eligible designated...
State Residency and Source Income Factors for State Income Taxation of Irrevocable Non-Grantor Trusts
There are two fundamental bases for state taxation of non-grantor trust income: residency and source. States may tax all income of their residents but only source income of non-residents. Excerpts chosen from trust residency statutes focus on taxation of irrevocable...