Jensen Estate Law

March Newsletter


Exploring the Tax Trails of Irrevocable and Grantor Trusts

Unravel the complexities of irrevocable trusts and their taxation system with this insightful article. We explore the unique facets of how irrevocable trusts are not taxed like regular trusts, diving deep into the world of grantor trusts and irrevocable grantor trusts. We shed light on the nuances that make these financial tools a significant part of any comprehensive estate plan. 

Understanding Taxation on Retirement Accounts: A Journey Through the Secure Act

Dive into the complex world of taxation on retirement accounts, the evolution of the SECURE Act, and its current state. Understanding these intricacies not only helps shape your future financial decisions but could also lead to significant tax savings and wealth preservation. Learn through practical examples and insightful perspectives without drowning in legalese. 

When To Gift: Understanding the Subtleties of Strategic Timing in Estate Planning

Understanding the when, why, and how of gifting in estate planning can make a monumental difference in your tax strategy and wealth preservation. Gifting, in essence, refers to transferring wealth to loved ones or charities during your lifetime. It may seem simple, but timing is crucial in the art of strategic gifting. This article delves into the optimal times of the year to consider gifting, as well as the effects of your trust creation date on your gifting decisions. Discover the power of thoughtful timing in estate planning as we explore the subtleties of gifting.