Help CenterEpisode Summary
August 27, 2024 | 00:33:28 | E101
Nathan Merrill, attorney with Goodspeed Merrill, answers a series of common questions that Karl Frank, at A&I Wealth Management, receives on a regular basis. These include:8 min: Inherited a home in a trust, can I use the step-up in basis? Can I use the $250k exemption from taxes?12 min: Planning for modern families, in particular gay couples, and inheritance. Should I use a trust?15 min: Inheriting IRAs and Roth IRAs in trust? Pros and cons? Karl has a significant “con”–the paperwork it creates for the financial advisor and non-spouse inheritor!20 min: Owning real estate in different states when you die, any advice to simplify all this?25 min: Gifting more than the gifting limit, but well below the lifetime gifting limit. Should I just file a gift tax return every year (no!) or should I do some other kind of planning (yes!)?As a quick reminder, the Expert Network Team provides free consultations. We would love the opportunity to be of service to you or someone you care about. Just scroll the liner notes to contact one of our experts or today’s guest. And please share this podcast with anyone who you think might find it interesting.
Expert Network team provides free consultations. Just mention that you listened to the podcast. Nathan Merrill, attorneyWorking with affluent families and entrepreneurs in implementing tax-efficient strategies and wealth preservationGoodspeed, Merrill(720) 473-7644nmerrill@goodspeedmerrill.comwww.goodspeedmerrill.com Jeff Krommendyk, Insurance ExpertWorking with business owners and successful families in transferring riskOne Digital Insurance Agency(303) 730-2327jeff.krommendyk@onedigital.com Karl FrankFinancial planner helping a small number of successful families grow and protect their wealth and choose how they want to be taxedCERTIFIED FINANCIAL PLANNER™A&I Wealth Management(303) 690.5070karl@assetsandincome.com