Month: April 2014
Non-Tax Benefits of Family Limited Liability Companies
Family Limited Liability Companies (FLLC) are one of several asset protection tools used to preserve assets of family businesses. These assets may…
IRA Rollover Annual Limit Changes Effective 2015
The recent Tax Court ruling of Bobrow v. Commissioner set a precedent for owners of multiple Individual Retirement Accounts: Multiple IRA rollovers may not…
Reverse Mortgages and Inheritances
Should beneficiaries of a potential inheritance be concerned if their elderly relative decides to get a reverse mortgage? Reverse mortgages are not…
Retirement Plans in Same-Sex Marriage
Some retirement benefits only apply to spouses in a legal marriage. Since legal marriages are not recognized in every jurisdiction and the Windsor ruling…
5 Proposed Rules for Retirement Accounts
Our tax attorneys covered several pending federal revisions in our Tax Changes for 2015, one of which affects retirement accounts. Retirement contributions and…
IRA Custodian Not Responsible for RMDs
Failing to take a Required Minimum Distribution (RMD) results in a penalty for the account owner. IRA account custodians are only responsible…
