Friday, November 13, 2009 Press Coverage of Estate Planning This Week (November 13, 2009)Victoria E. Knight of the Wall Street Journal writes that a weak economy makes for a bad time to sell a family company, but a good time to pass it on to the next generation. Several methods involve freezing the value of the business at today’s trough in the business cycle. See Wealth Transfers for Family Businesses (Nov. 9, 2009).
Daniel O. Tully, Esq., writes in the Bristol Press (Bristol, Conn.) about some of the fundamental differences between wills and trusts. See Senior Signals: Difference Between Will, Trust (Nov. 8, 2009).
Bob Carlson of KCI Investing discusses what recipients should know about inherited IRA’s. The rules are not complex, but neither are they obvious. And mistakes can be needlessly costly. See What Your Heirs Should Know About IRAs (Nov. 12, 2009).
Arden Dale of the Wall Street Journal writes that converting a traditional IRA to a Roth IRA can make sense even for people in the 60s and 70s, particularly where the goal is to transfer wealth and not just shelter money from taxes. See Roths as Tools for Wealth Transfer (Nov. 10, 2009). |