$25,000 of assets or any value of real estate will trigger the need for an Iowa probate process to clear title to these assets. Less than this amount a Small Estate Affidavit is available 40 days …
BLOG
What is the tax ID number for my Living Trust?
For a Revocable Living Trust it is considered a grantor trust for income tax purposes. As a result you use your own Social Security Number. If you are married, you may use either persons number if it …
[Read more...] about What is the tax ID number for my Living Trust?
3.8% Surtax Requires Another Look At Roth Conversions
The Patient Protection and Affordable Care Act of 2010 (PL 111148) will bring the most sweeping changes to American health care. The 2010 Healthcare Reconciliation Bill adds a surtax of 3.8% to …
[Read more...] about 3.8% Surtax Requires Another Look At Roth Conversions
A Great GRAT to reduce the estate taxes coming back in 2010!
There is no estate (death) tax in 2010 but it is back in 2011 automatically if Congress enacts no changes or tax law this year. When estate taxes come back in 2011 next year for anyone with more than …
[Read more...] about A Great GRAT to reduce the estate taxes coming back in 2010!
We hope you enjoy our blog!
This is the our first blog entry. Our goal is to provide another way to provide timely information about estate and financial matters so that we can live up to our goal to "Help Families Preserve …
