Abstracts » Insurance

Something new under the sun

Article Abstract:

Roth individual retirement accounts (IRAs) differ from regular IRAs in certain aspects. Unlike ordinary IRAs, Roth IRAs do not have minimum distribution requirements for the accumulation of pensions. However, these minimum distribution requirements become part of Roth IRAs at the death of a participating individual. Also, distributions from Roth IRAs are not subject to tax, an advantage not enjoyed by participants in regular IRAs. Roth IRAs can also avail of tax exemptions when they accumulate income.

Investment Banking and Securities Dealing, Financial Planning, Bank Individual Retirement Accounts, Evaluation, Retirement planning, Individual retirement accounts

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CRTs make it easier to give and receive

Article Abstract:

Charitable remainder trusts (CRTs) provide a method to inherit money without horrible tax burdens and donate to a charity at the same time. CRTs allow a beneficiary to have an interest income from the property or money donated and the charity gets the balance of the trust on the death of all beneficiaries. Three different CRTs are: annuity trusts, unitrusts and pooled income funds. They differ in management and income generation for the beneficiaries.

Educational, religious, etc. trusts, Educational, Religious, Charitable Trusts, Grantmaking Foundations, Analysis, Taxation, Charitable trusts, Charitable remainder trusts, Tax shelters

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Estate planning begins with building a framework

Article Abstract:

Building a solid framework is the key to creating a workable estate-planning structure. The framework should include the projected value of assets at the policy owner's death, beneficiaries of certain property and estate-distribution objectives. An understanding of these basic issues is essential to a client's understanding of the estate planning process.

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