Blog

Category: 529 Plans

What the New Trump Tax Law Means for Your Estate Plan

Posted By Lineweaver Financial Group
April 02, 2018 Category: New Tax Law, Estate Planning, 529 Plans, Charitable Giving

When the Tax Cuts and Jobs Act of 2017 passed and was signed into law late last year, it was the most sweeping overhaul to the tax code in more than 30 years. While there are many estate planning strategies that have remained in place, this also opened the door to new opportunities, and so it may be wise to revisit your estate plan. Increased Limits on the Estate Tax The Tax Cut and Jobs Act temporarily doubles the exemption amount for estate, gift and generation-skipping taxes from the $5 million base, set in 2011, to a new $10 million base, good for tax years 2018 through 2025. The exemption is indexed for inflation, so an individual can shelter $11.2 million in assets from these taxes. Another federal estate law provision called portability lets couples who do proper planning double that exemption. So, a couple could exclude $22.4 million for 2018. The law’s sunset provision means that, absent further Congressional action, the exemption amount would revert to the $5 million base, indexed. 529 Plans Under previous regulations, 529 withdrawals were tax-free as long as the funds were spent toward qualified higher education expenses, which included tuition, room and board, and computer software and equipment at any eligible post-secondary institution. With the new tax act, parents who send their children to private elementary and high school will have more options when it comes to saving for tuition. The new tax plan allows 529 plans to be used for up to $10,000 pe

Categories
Newsletter (51)
General (40)
Finance (37)
Commentary (34)
Economy (25)
Blog (24)
Portfolio (22)
Economic Commentary (18)
Educational (16)
Retirement (15)
Retirement Planning (14)
Letter From The President (14)
Financial Planning (11)
Tax (11)
Lineweaver (10)
Healthwatch (10)
Taxes (8)
Market Commentary (8)
Q3 (7)
Tax Planning (7)
Education Programs (6)
Market (6)
Health (4)
Estate Planning (4)
Social Security (4)
IRA (4)
LFG (4)
Bonds (4)
Trump (3)
Market Review (3)
2017 (3)
Tax Law (3)
Dividends (3)
Financial (3)
New Year (3)
Interest Rates (3)
Diversification (3)
Insurance (3)
(3)
Charity (2)
Coordination (2)
Tax Scams (2)
Economic Outlook (2)
Volatile Market (2)
Stocks (2)
Real Estate (2)
Fraud (2)
Annuities (2)
Tax Cuts And Jobs Act (2)
Annuity (2)
Rising Interest Rates (2)
Investing (2)
Strategies (2)
HealthWatch (2)
2016 (2)
Financial Strategies (2)
Investments (2)
Election (2)
2019 (2)
Crain\'s (2)
Brexit Update (2)
High Income (2)
Social Security Benefits (2)
Market Update (2)
Client Spotlight (2)
Q2 Newsletter (2)
Stock (1)
Traditional Ira (1)
Pse (1)
Congress (1)
Sell In May And Go Away (1)
Financial Quarterback (1)
Sell (1)
Buy (1)
James Lineweaver (1)
Quarterly Newsletter (1)
Dementia (1)
Vacation Home (1)
Exercising (1)
Review (1)
Credit Unions (1)
Market Outlook (1)
Tips (1)
Roth Conversion (1)
Healthy (1)
Pro Football Hall Of Fame (1)
Anne Graffice (1)
Big Banks (1)
David Baker (1)
Sring Cleaning Your Finances (1)
Keeping Your Mind Sharp (1)
Q2 2019 (1)
Roth Ira (1)
New Years Resolutions (1)
Jim Lineweaver (1)
Financial Goals (1)
Legal (1)
Wills (1)
Q1 (1)
Chad Roope (1)
Cooking (1)
Statements (1)
Savings (1)
Investment. Advisers (1)
2020Q4 (1)
Markets Don\'t Pick Sides (1)
Sleep (1)
Healthy Living (1)
2021 Outlook (1)
Eductional (1)
News (1)
Awards (1)
Technology (1)
Medicare Supplements (1)
Education (1)
Planning (1)
College (1)
Pros And Cons (1)
Holiday (1)
End Of The Year (1)
Medical News Today (1)
Series (1)
Your Retirement Playbook (1)
Medicare (1)
Checking (1)
End Of Year Taxes (1)
Banking (1)
Longterm Care (1)
Healthcare (1)
Elder Law (1)
POA (1)
Power Of Attorney (1)
Charitable (1)
Donations (1)
Tax Strategies (1)
2020Q3 (1)
Black Swan (1)
CARES (1)
CARES Act (1)
Stimulus (1)
Nutrition (1)
Steps (1)
Eye Strain (1)
Probiotics (1)
2020 (1)
2018 (1)
Trading (1)
Screens (1)
Private Foundation Charitable Lead Trust (1)
Self Employed (1)
Business Owners (1)
Annuity Alternatives (1)
Life Insurance (1)
Dividend (1)
Bonds Ladder (1)
Policy (1)
Roth (1)
Donor Advised Fund (1)
Charitable Remainder Trust (1)
Legacy (1)
Growing Your Wealth (1)
REITs (1)
Risk Management (1)
Protection (1)
North Korea (1)
Conflict (1)
Lineweaver Wealth Advisors (1)
Mutual Funds (1)
Expense (1)
Retiring (1)
Retire Early (1)
401(k) (1)
Candidates (1)
Retirement Tips (1)
Financial Advice (1)
Financial Advisor (1)
Social Security Planning (1)
Charitable Contributions (1)
Women And Money (1)
Service Day (1)
Harvest For Hunger (1)
Gifting (1)
Politics (1)
Retire (1)
Fall 2016 (1)
Financial Health (1)
Holiday Planning (1)
Stockpile (1)
Holiday Gifts (1)
1st Quarter (1)
2016 Market (1)
Winter 2017 (1)
Q1 2017 Newsletter (1)
Costs (1)
Equifax (1)
Vacation From Investments (1)
Cryptocurrency (1)
Charitable Giving (1)
Q2 (1)
New Website (1)
Bruce Motko (1)
Travel Tips (1)
Travel (1)
Markets (1)
Drink Water (1)
Market Volatility (1)
Investment (1)
New Tax Law (1)
Bitcoin (1)
Advice (1)
Summer (1)
Q3 Newsletter (1)
In Laws (1)
Inheritance (1)
Trusts (1)
Bloodline Trust (1)
Marital Trust (1)
529 Plans (1)
NAFTA (1)
Mark Sipos (1)
Lose Weight (1)
2017 Q4 (1)
Identity Theft (1)
Third Quarter (1)
Tax Cuts And Job Act (1)
Introducing (1)
Kids (1)
Grand Kids (1)
Tax Cuts (1)
Jobs (1)
Eat More (1)
Tariffs (1)
Market Review 2017 (1)
Letter From The President New Years Resolutions (1)
Transfer Real Estate (1)
Defer Tax (1)
Top Financial Strategies Of The Wealthy (1)
Market Pullback (1)
Reallocation (1)
RMD (1)
Distribution (1)
Estate Plan (1)
+ Show More

Terms and Conditions | Privacy Policy | Disclosures

Lineweaver Financial Group ©
Powered by Virteom Logo Virteom