Keys to the Future: Assisting Your Child in Buying Their First Home
Strategies and Considerations When Assisting an Adult Child Purchase or Acquire a Home We are pleased to announce that Peak Asset Management will be hosting the following event on Wednesday, November 13th at 4:30 PM at the Hotel Boulderado. Jason Foster, our Director of Wealth Strategies and Legacy Planning, will be presenting with Matthew Hardy,…
Directed Trust Arrangements
Directed Trust Arrangements When clients are considering trusts as part of a plan to manage assets, one issue that can emerge is a client’s prior negative experience with trust companies. Some clients, whether by way of being the beneficiary of a trust, or when they worked with a trust company on behalf of a minor…
Inherited IRAs and the 10-Year Rule: Beware of Potential Tax Consequences in the Future
Inherited IRAs and the 10-Year Rule: Beware of Potential Tax Consequences in the Future If you have inherited an IRA after 2019 from a non-spouse, it is highly likely you are subject to the rule under the SECURE Act (passed in December 2019) forcing beneficiaries to distribute the entire account within 10 years. There are…