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Estate Planning Archives - Delap CPA


10 Oct

Did You Really Mean for Your Ex-Spouse to Inherit Your IRA? (And Other Common Mistakes in Beneficiary Designations)

October 10, 2017 | By | No Comments

  When someone dies, and their heirs begin the process of settling the estate, it is not uncommon to be surprised upon learning who is the beneficiary of the IRA or 401(k).   We have seen cases where the ex-spouse or sibling is the beneficiary rather than the spouse.  This happens when the decedent fails to […]

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20 Oct

Learning From A Music Legend’s Not So Legendary Estate Planning

October 20, 2016 | By | No Comments

From his first No. 1 Billboard hit “Let’s Go Crazy” to the creation of popular 80’s movie “Purple Rain”, very few will doubt the music legacy Prince left when he passed earlier this year. However, family members of late music Phenom may be more concerned that he left his estate in a different direction—chaos. What […]

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25 Mar

Avoiding Estate Tax Traps

March 25, 2015 | By | No Comments

While planning for estate tax filings upon death isn’t something anyone is jumping to do, it is essential to saving your family and loved ones from potential and unnecessary tax obligations. One of the key elements of the American Tax Relief Act of 2012 (ATRA) – portability – allows for the transfer of any unused […]

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31 Oct

A Document That Will Greatly Simplify Your Life

October 31, 2013 | By | No Comments

Over the course of our lives, we accumulate everything from great experiences, to tangible assets such as life savings, investments, and property, to gaining wisdom from mistakes we’ve made. As time marches on it can be easy to lose sight of the reality of the treasures we collect. However, perhaps one of the most valuable […]

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04 Mar

Is blatantly wrong advice impacting your generosity?

March 4, 2013 | By | No Comments

I am seeing a consistent theme of blatantly wrong advice coming in the form of commentary on the most recent tax legislation. There is a lot of commentary centering on the Pease Provision which is purported to be a limitation or phase out of itemized deductions. In reality this is simply a disguised tax increase […]

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