Two Special Trusts to “Stretch” IRAs
insights Brent Nelson · June 8, 2020
After the SECURE Act, most IRA beneficiaries are required to withdraw the balance of the account within 10 years after the owner’s death. The details of those rules can be found in Brent’s prior post here. In that post, Brent also introduced the concept of using an Accumulation Trust (i.e. a trust as beneficiary of an IRA that…
COVID-19 Has Changed Charitable Trust Planning
insights Brent Nelson · March 24, 2020
COVID-19 is a public health issue that goes far beyond the bounds of this blog. However, focusing only on the economic side of the equation, it is clear the SARS-COV 2 virus, and the needed response to contain it, have had and will have significant effects on the economy. As reported in the Atlantic on March 21,…
IRA Trust Beneficiaries after the Secure Act by Rimon Partner Brent Nelson
insights Brent Nelson · January 10, 2020
There are two schools of thought on naming at trust as a beneficiary of an IRA: (1) NEVER DO IT, and (2) do it if it meets your goals. The First camp lives and dies on the belief that naming a trust accelerates distributions from the IRA–thus more tax sooner, and that is usually bad.…
Rimon Partner Brent Nelson selected to the Tucson 40 under 40 list
news Brent Nelson · December 6, 2019
Rimon Partner Brent Nelson selected to Tucson’s 40 under 40 list. To see the full list of award winners, click here. Congratulations, Brent! Brent Nelson assists U.S. and international individuals, families and financial institutions in tax, estate planning, and family business matters. In addition, he frequently speaks and writes on estate and tax developments. Brent develops…
Rimon Partner, Brent Nelson, Co-Writes Article on Stack Business and Charitable Deductions for Maximum Savings
insights Brent Nelson · November 8, 2019
Rimon’s Brent Nelson co-writes part two of an article on stacking business and charitable deductions for maximum savings, and drastically magnifying the power of your clients’ charitable dollars. The Pass-Through Income Deduction under Code Section 199A (“199A Deduction”) allows taxpayers to deduct up to 20% of their pass-through business income. However, the deduction is either eliminated or limited…
Pass-Through and Charitable Deductions Explained
insights Brent Nelson · October 5, 2019
Rimon’s Brent Nelson co-writes an article on pass-through and charitable deductions. An overview of how these two deductions function, with an eye toward stacking their benefits. The Pass-Through Income Deduction under Code Section 199A (199A Deduction) allows taxpayers to deduct up to 20% of their pass-through business income. However, the deduction is either eliminated or limited…
Rimon Law Welcomes Estate Planning and Tax Lawyer Brent Nelson as Partner in its First Arizona Office.
news Brent Nelson · September 19, 2019
Opening its 26th office globally, Rimon Law welcomes Private Client, Tax, and Trusts & Estates Partner Brent Nelson to its new Tucson, Arizona office. Mr. Nelson joins Rimon from Snell & Wilmer, where he also worked as a Partner. At Rimon, Mr. Nelson will be joining an award-winning, national Trusts and Estates team which includes partners Patricia Annino and Lisa Weinstein Burns in Boston, Scott Ross in Menlo Park, Filmore…