Kitces Update – 2019.07.10: 529A Plans for Special Needs Beneficiaries, Owning Real Property in IRAs, Niche Marketing for Financial Planners, etc.

6 Types Of Niches For Financial Advisors To Differentiate Themselves.Choosing The Right 529A Plan For A Special Needs Beneficiary.Options For Allowing Family Members To Help Manage Accounts In The Event Of Diminished (or In)Capacity6 Types Of Niches For Financial Advisors To Differentiate Themselves.The Latest In Financial Advisor #FinTech (July 2019)Unique Planning Challenges Of Directly Owning Real Estate Inside … Continue reading Kitces Update – 2019.07.10: 529A Plans for Special Needs Beneficiaries, Owning Real Property in IRAs, Niche Marketing for Financial Planners, etc.

How the Medicaid Debate Affects Long-Term Care Insurance Decisions, by Ron Leiber, NYTimes

Ron Leiber, Money columnist for the NY Times writes about how the Medicaid debate impacts decisions regarding long term care insurance.  His article begins as follows: The latest version of the Senate’s health insurance bill appeared on Thursday, and it didn’t do much to change the drastic reductions in Medicaid spending that were in the … Continue reading How the Medicaid Debate Affects Long-Term Care Insurance Decisions, by Ron Leiber, NYTimes

Edwin Morrow – The Hunt for Tax Apportionment: Lessons from Tom Clancy’s Estate Litigation

The Hunt for Tax Apportionment: Lessons from Tom Clancy’s Estate Litigation Edwin Morrow  The Hunt for Red October was Tom Clancy's debut novel in 1984.  It was a fun, exciting novel written in the Reagan, pre-Glasnost era about a rogue Soviet (remember the Soviet Union?) submarine captain, later turned into a movie with Sean Connery … Continue reading Edwin Morrow – The Hunt for Tax Apportionment: Lessons from Tom Clancy’s Estate Litigation

Alexandre M. Denault & Jonathan E. Gopman – Treasury Department Extends Form 5472 Filing Requirements to Foreign-Owned Domestic Disregarded Entities

Treasury Department Extends Form 5472 Filing Requirements to Foreign-Owned Domestic Disregarded Entities By: Alexandre M. Denault & Jonathan E. Gopman On May 10, 2016, Treasury issued proposed regulations (the "Proposed Regulations") which enable the Internal Revenue Service (the "Service") to collect certain information about domestic disregarded entities with a single foreign owner. The purpose of the … Continue reading Alexandre M. Denault & Jonathan E. Gopman – Treasury Department Extends Form 5472 Filing Requirements to Foreign-Owned Domestic Disregarded Entities

Julius H. Giarmarco: Transfers of FLP and FLLC Interests Require Immediate Attention

By Julius H. Giarmarco Family limited partnerships (FLPs) and family limited liability companies (FLLCs), if properly structured, are attractive vehicles for administrative convenience; income, estate and gift tax savings; and creditor protection. It is important that an FLP or FLLC be formed for valid business purposes and not merely as a tax device. Otherwise, the IRS … Continue reading Julius H. Giarmarco: Transfers of FLP and FLLC Interests Require Immediate Attention

Linda Kotis: Salvaging the 2015 Roller Coaster Ride with Your Retirement Accounts: Roth IRA Conversion

By Linda Kotis The stock market has been full of crazy swings this year.  Your retirement accounts were buoyed by the 1.2% gain in the Dow Jones Industrial Average on January 8.  Then you cringed as account values bounced around in March with a 333 point drop. You nearly fainted as the Dow plunged again … Continue reading Linda Kotis: Salvaging the 2015 Roller Coaster Ride with Your Retirement Accounts: Roth IRA Conversion