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33 tagged with "Trust"

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See-Through Trust as IRA Beneficiary: How Conduit and Accumulation Trusts Work Under the SECURE Act 10-Year Rule
·mike

See-Through Trust as IRA Beneficiary: How Conduit and Accumulation Trusts Work Under the SECURE Act 10-Year Rule

A see-through trust named on an IRA beneficiary form must navigate the SECURE Act 10-year rule. Conduit trusts pass every distribution through to the beneficiary by year ten, while accumulation trusts retain assets but face compressed trust brackets that reach the 37 percent federal rate at just $16,000 of retained income in 2026.

ira
estate-planning
trust
retirement-savings
+3
Charitable Remainder Trust (CRUT vs CRAT): Tax-Free Asset Sales and Lifetime Income
·mike

Charitable Remainder Trust (CRUT vs CRAT): Tax-Free Asset Sales and Lifetime Income

How a Charitable Remainder Trust lets you sell appreciated assets without capital gains tax, take an immediate income tax deduction, collect lifetime income, and pass the remainder to charity—plus the math comparing CRUT, CRAT, NIMCRUT, and Flip CRUT structures under the May 2026 5.0% Section 7520 rate.

charitable-giving
tax-planning
estate-planning
trust
+3
Grantor Retained Annuity Trust (GRAT): The Wealth Transfer Strategy Founders Use to Move Appreciating Stock Tax-Free
·mike

Grantor Retained Annuity Trust (GRAT): The Wealth Transfer Strategy Founders Use to Move Appreciating Stock Tax-Free

How founders use zeroed-out GRATs to transfer pre-IPO stock appreciation to heirs tax-free, leveraging the IRS Section 7520 hurdle rate while preserving the lifetime estate exemption.

estate-planning
tax-planning
wealth-building
trust
+4
Spousal Lifetime Access Trust (SLAT) After OBBBA: Why the $15 Million Exemption Still Demands Action in 2026
·mike

Spousal Lifetime Access Trust (SLAT) After OBBBA: Why the $15 Million Exemption Still Demands Action in 2026

After OBBBA set the federal estate, gift, and GST exemption at $15 million per person in 2026, SLATs still freeze growth out of the taxable estate at a 40 percent rate. Coverage of dual-SLAT reciprocal trust risk, asset selection, valuation discounts, and the audit records families need to keep.

estate-planning
tax-planning
trust
financial-planning
+4
Law Firm Bookkeeping: The Complete Guide to Trust Accounts, Compliance, and Financial Management
·mike

Law Firm Bookkeeping: The Complete Guide to Trust Accounts, Compliance, and Financial Management

Law firm bookkeeping carries compliance risks most attorneys aren't trained for — a misplaced retainer can trigger bar discipline or disbarment. This guide covers IOLTA trust accounts, three-way reconciliation, retainer handling, contingency fees, and software options for legal practices.

bookkeeping
legal
compliance
reconciliation
+4
IOLTA: What It Is and How Law Firms Manage Client Trust Accounts
·mike

IOLTA: What It Is and How Law Firms Manage Client Trust Accounts

Learn what an IOLTA account is, how it works, who needs one, compliance requirements including three-way reconciliation, common mistakes to avoid, and best practices for managing client trust accounts at your law firm.

accounting
legal
trust
compliance
+3
Law Firm Accounting: A Complete Guide to Trust Accounts, Billing, and Compliance
·mike

Law Firm Accounting: A Complete Guide to Trust Accounts, Billing, and Compliance

Learn how to manage law firm accounting, from setting up IOLTA trust accounts and performing three-way reconciliations to optimizing billing, maximizing tax deductions, and staying compliant with ABA and state bar rules.

accounting
legal
trust
compliance
+3
Estate Planning for Small Business Owners: Protect Your Legacy and Your Business
·mike

Estate Planning for Small Business Owners: Protect Your Legacy and Your Business

A complete guide to estate planning for small business owners. Covers trusts, buy-sell agreements, the 2026 estate tax exemption changes, tax-smart transfer strategies, succession planning, and a practical estate planning checklist.

small-business
estate-planning
tax-planning
succession-planning
+3
Digits' AI Accountant: Balancing Brilliant Dashboards with the Need for Human Trust
·mike

Digits' AI Accountant: Balancing Brilliant Dashboards with the Need for Human Trust

The rise of AI in accounting is reshaping workflows, but how do users perceive Digits' ambitious automation goals? This article delves into user reviews and community insights, highlighting the balance between innovative technology and the essential need for trust in financial practices.

ai
accounting
automation
bookkeeping
+2
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