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U.P. Family Succession Planning

UP Family Succession Planning. Planning for an orderly transition from one generation to the next. Sunday, July 5, 2015. Raising money for those in need. If you are soliciting funds for the benefit of an individual (such as someone who has lost his home in a fire or has a serious illness and has incurred medical bills), you should be aware of when and how you may have to register and report your activities, and also be aware of some other rules that apply to fundraising activity. Although charitable enti...

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UP Family Succession Planning. Planning for an orderly transition from one generation to the next. Sunday, July 5, 2015. Raising money for those in need. If you are soliciting funds for the benefit of an individual (such as someone who has lost his home in a fire or has a serious illness and has incurred medical bills), you should be aware of when and how you may have to register and report your activities, and also be aware of some other rules that apply to fundraising activity. Although charitable enti...

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U.P. Family Succession Planning | upfsp.blogspot.com Reviews

https://upfsp.blogspot.com

UP Family Succession Planning. Planning for an orderly transition from one generation to the next. Sunday, July 5, 2015. Raising money for those in need. If you are soliciting funds for the benefit of an individual (such as someone who has lost his home in a fire or has a serious illness and has incurred medical bills), you should be aware of when and how you may have to register and report your activities, and also be aware of some other rules that apply to fundraising activity. Although charitable enti...

INTERNAL PAGES

upfsp.blogspot.com

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U.P. Family Succession Planning: March 2014

http://www.upfsp.blogspot.com/2014_03_01_archive.html

UP Family Succession Planning. Planning for an orderly transition from one generation to the next. Tuesday, March 11, 2014. Increase in estate tax exemption. The federal estate tax exemption will increase from $5,250,000 in 2013 to $5,340,000 in 2014. A single person who dies with less than that amount in taxable assets will not have a concern about Federal estate taxes. Sunday, March 9, 2014. The talk of the town. NPR does a story on Lacrosse, Wisconsin, “ The Town Where Everyone Talks About Death.

2

U.P. Family Succession Planning: June 2014

http://www.upfsp.blogspot.com/2014_06_01_archive.html

UP Family Succession Planning. Planning for an orderly transition from one generation to the next. Thursday, June 12, 2014. Inherited IRAs not protected. The US. Supreme Court has ruled, in the case of Clark v. Rameker. That inherited IRAs cannot be protected in a bankruptcy filing. As a result, IRAs that have been inherited from a deceased worker (the "participant") are available as assets to pay creditors. Finally, the holder of an inherited IRA may withdraw the entire balance of the account at any tim...

3

U.P. Family Succession Planning: Gradual loss of control in the elderly

http://www.upfsp.blogspot.com/2015/06/what-is-loss-of-ability.html

UP Family Succession Planning. Planning for an orderly transition from one generation to the next. Sunday, June 7, 2015. Gradual loss of control in the elderly. A pair of articles were published recently about a subtle threat to the financial well-being of older clients. At a website called Seeking Alpha - The Biggest Threat to Your Retirement Portfolio: Mild Dementia. In the New York Times - As Cognition Slips, Financial Skills Are Often the First to Go. Include language in powers of attorney, trust agr...

4

U.P. Family Succession Planning: Social Security calculations

http://www.upfsp.blogspot.com/2015/01/social-security-calculations.html

UP Family Succession Planning. Planning for an orderly transition from one generation to the next. Tuesday, January 13, 2015. Thus, a single 62-year-old can increase his benefits by 33% by waiting until age 66, and by 76% by waiting until age 70. That decision is permanent. If he chooses to draw $800 per month at age 63, that will be his monthly benefit for the rest of his life. Should he start at age 62 or should he wait? Age 66 vs. age 62. Age 70 vs. age 66. PDF) is very informative on the subject.

5

U.P. Family Succession Planning: New limits on uncapping property taxes

http://www.upfsp.blogspot.com/2014/11/new-limits-on-uncapping-property-taxes.html

UP Family Succession Planning. Planning for an orderly transition from one generation to the next. Monday, November 3, 2014. New limits on uncapping property taxes. A recent law signed by the Governor (Public Act 310) has once again amended MCL 211.27a, the statute which determines when a transfer of real estate will "uncap" the taxable value and allow property taxes to rise. This language was far from clear. What was meant by "the first degree"? The reference was obviously to the "first degree of consan...

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U.P. Family Succession Planning

UP Family Succession Planning. Planning for an orderly transition from one generation to the next. Sunday, July 5, 2015. Raising money for those in need. If you are soliciting funds for the benefit of an individual (such as someone who has lost his home in a fire or has a serious illness and has incurred medical bills), you should be aware of when and how you may have to register and report your activities, and also be aware of some other rules that apply to fundraising activity. Although charitable enti...

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