Posts tagged Irrevocable Trusts

Common Types of Trusts Used in Estate Planning

Many financial planning objectives can be accomplished through the utilization of trusts. Here are several of the most common types of trusts and a brief overview of their purpose…

Charitable Gifting, Estate Planning, Insurance, Eldercare, Tax, Retiree, Pre-RetireeChip Hymiller, AIF®, CFP®February 9, 2021Estate Planning, financial planning, eldercare, Probate, Irrevocable Trusts, Trust, Will, Revocable trusts, Charitable Gifting, beneficiary

The SECURE Act: Changes for IRA Beneficiaries

We examine the changes that the SECURE act made on beneficiaries of retirement accounts. Beginning in 2020, the “stretch IRA” is eliminated for most beneficiaries. Also, we look at how trusts will be affected by the new tax law.