Blog

Q: If I move, does my estate plan need an update?

A: If your will was valid at the time you created it, it does not necessarily become invalid just because you move to a new state.

Q: What are my options for an executor of my will or a trustee of my trust?

A: You have a variety of options when it comes to making this important decision:

Q: How does this year’s SECURE Act affect my IRA giving?

A. What’s Changed:

1. Now you can continue to invest in your IRA after age 70 ½,

but if you do, those investments will reduce your annual

qualified charitable distribution limit. Talk to a trusted

advisor for further details.

2. You don’t have to take your required minimum distribution

until age 72.

Q: What’s my deadline for year-end giving to my church and other ministries?

A: If you want to claim credit on this year’s taxes, the specifics vary according to what you plan to give:

Q: In light of the current market, should I still consider giving stock?

A: Absolutely! Giving appreciated stock, real estate or other non-cash assets remains one of the most cost-effective ways to support your church or other ministries since you will receive a fair market value deduction at the time of your gift and avoid capital gains on the sale of appreciated assets.

Q. What are my options for an executor of my will or a trustee of my trust?

A. You have a variety of options when it comes to making this important decision.

Q: What kinds of gifts can I give in exchange for life income payments?

A: Surprisingly, there are a variety of gifts you can give in exchange for payments for life – everything from cash, publicly traded appreciated stock, real estate that has grown in value, farm machinery that is paid for and depreciated, and commodities such as grains, fruits or even livestock.

Q: What do I need to know about the SECURE Act?

A: The SECURE Act legislation, intended to facilitate and enhance retirement savings, went into effect January 1.