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Anne Tromans - Shakespeares Legal Team

Anne Tromans - Shakespeares Legal Team

Is the Money From a Revocable Trust Inheritance Taxable?

Is the Money From a Revocable Trust Inheritance Taxable?

Our specialist tax team can offer support ranging from basic compliance–tax returns, Payrol, Book Keeping and VAT through to tax planning for income tax, corporation tax, financial Services, Company Formation, capital gains tax, Personal Tax, Trusts and inheritance tax

Our specialist tax team can offer support ranging from basic compliance–tax returns, Payrol, Book Keeping and VAT through to tax planning for income tax, corporation tax, financial Services, Company Formation, capital gains tax, Personal Tax, Trusts and inheritance tax

Figured walnut and gilt sofa with embroidered upholstery depicting a scene from the History of Troy, 1720s, formerly at Chicheley Hall. Accepted by HM Government in lieu of inheritance tax and allocated to the National Trust for display at Montacute. ©National Trust Images/Paul Highnam

Figured walnut and gilt sofa with embroidered upholstery depicting a scene from the History of Troy, 1720s, formerly at Chicheley Hall. Accepted by HM Government in lieu of inheritance tax and allocated to the National Trust for display at Montacute. ©National Trust Images/Paul Highnam

How to Use Trusts to Protect Inherited IRAs

How to Use Trusts to Protect Inherited IRAs

IRS rules IRAs weren’t “inherited.” When an IRA owner dies, how the IRA rollover to the new owner is categorized may lead to tax issues, and the need for required minimum distributions (RMDs). In a private letter ruling (PLR), the IRS let a taxpayer roll over her deceased spouse’s Roth IRAs and regular IRA from a trust into her own Roth IRAs and regular IRAs, thus avoiding RMDs on the Roth IRAs, and making her the owner of the regular IRA for RMD computations. Though she was the trust’s sole…

IRS rules IRAs weren’t “inherited.” When an IRA owner dies, how the IRA rollover to the new owner is categorized may lead to tax issues, and the need for required minimum distributions (RMDs). In a private letter ruling (PLR), the IRS let a taxpayer roll over her deceased spouse’s Roth IRAs and regular IRA from a trust into her own Roth IRAs and regular IRAs, thus avoiding RMDs on the Roth IRAs, and making her the owner of the regular IRA for RMD computations. Though she was the trust’s sole…

Portrait of Sophia Delaval, Mrs Jadis (1755-1793), holding a Claude glass to the landscape. Accepted in lieu of inheritance tax by H.M. Treasury and allocated to the National Trust for display at Seaton Delaval Hall, 2009. ©National Trust Images/John Hammond

Portrait of Sophia Delaval, Mrs Jadis (1755-1793), holding a Claude glass to the landscape. Accepted in lieu of inheritance tax by H.M. Treasury and allocated to the National Trust for display at Seaton Delaval Hall, 2009. ©National Trust Images/John Hammond

How to Avoid Paying Inheritance Tax on a House - If you plan to pass your family home onto your loved ones when you die, you may wish to reduce the inheritance tax applicable on your property. In order to find out more on this subject keep reading, as Prestige Tax and Trust Services explains how to avoid paying inheritance tax on a house.

How to Avoid Paying Inheritance Tax on a House - If you plan to pass your family home onto your loved ones when you die, you may wish to reduce the inheritance tax applicable on your property. In order to find out more on this subject keep reading, as Prestige Tax and Trust Services explains how to avoid paying inheritance tax on a house.

Catherine Whitaker - Solicitor   T: 0118 951 6367    E: catherine.whitaker@fsp-law.com    Powers of attorney and deputyship, Contested probate, Wills trusts and tax planning, Probate applications and estate administration, Tax, Inheritance disputes, Charities and not for profit, Reading Solicitors

Catherine Whitaker - Solicitor T: 0118 951 6367 E: catherine.whitaker@fsp-law.com Powers of attorney and deputyship, Contested probate, Wills trusts and tax planning, Probate applications and estate administration, Tax, Inheritance disputes, Charities and not for profit, Reading Solicitors

You may want to ensure that your loved ones inherit as much of your estate as possible after you pass away. Prestige Tax and Trust Services explains how to avoid inheritance tax with a trust.

You may want to ensure that your loved ones inherit as much of your estate as possible after you pass away. Prestige Tax and Trust Services explains how to avoid inheritance tax with a trust.

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