When To Rely on Portability
Doesn't using portability allow for very low-basis assets to gain the advantage of the step-up in basis rules—of course, at the cost of the potential growth of the assets over time? Are there then not good reasons to rely on portability versus a Credit Shelter Trust?
You can achieve portability by using a marital QTIP trust and still achieve asset protection. Other good reasons are set forth on the last slide of my presentation, which is presented above
Can you gift out of a Roth IRA within the first five years established into some trust?
If you already are 59½ and you convert traditional IRA assets to a Roth, you can withdraw the assets you convert at any time without worrying about a five-year deadline or penalties. Again, it is a different story with any earnings on those assets: You must have held a Roth account for five years to withdraw any earnings tax free. But you generally don't need to worry about separating the converted funds from the earnings, since the withdrawal rules for Roth IRAs say that any distributions first come from contributions, then from conversions, and finally from earnings. As for a transfer to a trust, you may be able to transfer to a grantor trust but I suggest a PLR for this as it can be tricky.
Can I designate, in my will, who will own the rights to my digital assets? For example some digital assets will belong to my children and some will belong to my company.
Yes, but subject to the Internet Service Provider agreement
Do you help in giving second opinion on trusts?
Yes, please contact me.


This Website Is For Financial Professionals Only

Why Join Advisors4Advisors from Advisors4Advisors


Let’s Make This Easy


We’re for you if you’re a fiduciary who:

--  relies on economic fundamentals

--  broadly diversifies a core of portfolios in low-expense funds and ETFs

--  strategically invests based on MPT

--  offers tax and financial planning advice

--  values thought leadership when bad news breaks 

--  likes the work of Fritz Meyer, Craig Israelsen, Bob Keebler or Andy Gluck


A4A courses accredited by the CFP Board, IWI, and NASBA power a special brand of independent financial advice. We also leverage the Web to benefit of consumers as well as fiduciaries enrolled in our classes.