Taxes Archives - About Estate Planning https://aboutestateplanning.com/tag/taxes/ Knollmiller & Arenofsky, LLP Wed, 07 Aug 2019 15:42:22 +0000 en-US hourly 1 Is My Children’s Inheritance Taxed? https://aboutestateplanning.com/is-my-childrens-inheritance-taxed/ Wed, 07 Aug 2019 15:31:14 +0000 http://aboutestateplanning.com/?p=1446 The general answer is no. The IRS doesn’t allow much to go untaxed, but most inherited assets are the exception (in Arizona at least). It does not matter whether the beneficiary received real property, stock or cash. Nor whether he or she received the inheritance via a Will or a… Read More

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]]> Introduction to Self Directed IRAs https://aboutestateplanning.com/introduction-self-directed-iras/ Wed, 18 Dec 2013 09:45:58 +0000 http://aboutestateplanning.com/?p=1066 Self directed IRAs (SDIRA) have been around since the early 1970s. In spite of their history, they haven’t been all the rage until more recently thanks to media attention. The biggest press was on former Republican candidate Mitt Romney’s SDIRA. It shouldn’t be believed that only the most wealthy can… Read More

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]]> How Much Does the Government Take When you Die? https://aboutestateplanning.com/much-government-take-die/ Wed, 06 Nov 2013 10:14:16 +0000 http://aboutestateplanning.com/?p=1074 This question gets asked a lot. Sometimes it is asked if the Feds or Arizona tax you when you die? Sometimes it is asked if the State gets part of your estate when you die? Mostly it is thought of in terms of probate whether you have a Last Will… Read More

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]]> Trends in Living Trusts Part II https://aboutestateplanning.com/trends-living-trusts-part-ii/ Thu, 24 Oct 2013 10:33:12 +0000 http://aboutestateplanning.com/?p=1079 Another trend in Living Trusts, or better said, Estate Planning, are IRA Qualified Trusts. Very often a individual does not want to leave a large IRA to their children or other heirs. The concern is they will cash it in and pay the large tax bill that will surely come when the IRA is… Read More

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