Calculating the Required Minimum Distribution for ANY Beneficiary of an Inherited IRA

Posted on: November 14, 2017
Tags: Wiils, Trusts, Estate Planning, Cincinnati, Ohio, Kentucky, Wealth Management
CALCULATING THE REQUIRED MINIMUM  DISTRIBUTION FOR ANY INHERITED IRA BENEFICIARY FACTS  Thelma dies and names John (non-spouse) as beneficiary on her IRA beneficiary form.  A new account is created for John titled "Thelma Inherited IRA read more …

No Estate Tax in Ohio?

Posted on: August 1, 2017
Tags: Wiils, Trusts, Estate Planning, Cincinnati, Ohio, Kentucky, Wealth Management
The Ohio Estate Tax was repealed January 1, 2013.  The Federal Estate tax has an exemption of 5.49 million (Indexed for inflation).  You could, nevertheless, still be subject to estate taxes if you inherit from someone who lives in a state that read more …

History of the Federal Estate Tax

Posted on: May 18, 2017
Tags: Wiils, Trusts, Estate Planning, Cincinnati, Ohio, Kentucky, Wealth Management
Federal Estate Tax History. An estate tax is a tax levied on an heir's inherited portion of an estate if the value of the estate exceeds an exclusion limit set by law.  The estate tax is mostly imposed on assets left to heirs, but it does not apply to read more …