best way to pass inheritance to grandchildren
after putting aside at age 70 you have 4 million in saving and 4 million in IRA. WHAT is best way to transfer asset to trust for grandchildren with minimum estate gift and income tax
once you convert to roth what is best way to transfer to grandchildren with minimum taxes
Permalink Submitted by Bruce Steiner on Thu, 2021-02-18 18:09
Consider Roth conversions.
Consider providing for the grandchildren in discretionary trusts under the Will.
Consider making some gifts during lifetime since the estate tax exclusion amount is scheduled to revert to $5.85 million (indexed) in 2026.
Consult with comptent tax/estates counsel.
Bruce Steiner