• The Estate Planner
  • November 22, 2017
  • Here’s a brief glance at what you’ll find in the November / December 2017 issue of The Estate Planner.

    Estate planning for second marriages: 5 tips to consider

    For traditional nuclear families, the goal of estate planning is usually straightforward: Leave everything to the surviving spouse who, in turn, will leave everything to their joint children. Things get more complicated when a person divorces and remarries, particularly when he or she has children (or stepchildren) with more than one spouse. This article details five estate planning considerations when a person remarries. A sidebar notes the importance of choosing trustees carefully when undertaking a second marriage.

    Year end in review: Revise your estate plan to reflect life changes during the past 12 months

    As the calendar soon turns to a new year, it’s an excellent time for a person to review his or her estate plan. Never intended to be static, the plan should be considered a work in progress. This article details specific life events that, if one or more take place, should trigger an estate plan review.

    Should you name a trust as IRA beneficiary?

    An IRA is a popular vehicle to save for retirement, and it can also be a powerful estate planning tool. Some people designate a trust as beneficiary of their IRAs, but is that a good idea? This article explores the benefits and pitfalls of naming a trust as an IRA beneficiary.

    Estate Planning Red Flag: Your spouse’s estate missed the portability election deadline

    Portability allows a surviving spouse to apply a deceased spouse’s unused estate tax exemption amount toward his or her own transfers during life or at death. To secure these benefits, however, the deceased spouse’s executor must have made a portability election on a timely filed estate tax return. This brief article explains how the IRS has made it easier for estates to obtain an extension of time to file a portability election.