The Good Funds Law and Real Estate Closings

Posted on: January 22, 2018
Tags: Wiils, Trusts, Estate Planning, Cincinnati, Ohio, Kentucky, Wealth Management
The Good Funds Law (O.R.C. Section 1349.21) was amended on April 6, 2017 then amended again on September 9, 2017  to require tighter controls on transactions involving the sale, purchase, or refinance of of residential real estate.  This law, read more …

Trump's Tax Bill - How does it effect Estate Taxes

Posted on: December 29, 2017
Tags: Wiils, Trusts, Estate Planning, Cincinnati, Ohio, Kentucky, Wealth Management
The new tax bill known as “Tax Cuts and Jobs Act of 2017” includes significant changes to the federal estate, gift and generation-skipping transfer (“GST”) tax laws, which became effective January 1, 2018.  While there has read more …

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 …