Weekly Wednesday Wisdom Webinars

Weekly Wednesday Wisdom Webinars August 18, 2021

Certified Elder Law Attorney and Financial Advisor Chris Berry of Castle Wealth Group answers retirement and estate planning questions every Wednesday at 1pm.

Want to join our live webinar? go to www.wisdomwebinar.com to register or give our office a call at 844-885-4200.

Want to book a 15-minute call with Chris Berry? Register at 15chris.com to book a schedule in his calendar.

Castle Wealth Group and Christopher Berry help families with estate planning, elder law, retirement planning, and tax planning from Brighton, Ann Arbor, Livonia, Bloomfield Hills, and Novi offices.

On this week’s webinar, attorney and advisor Chris Berry of www.castlewealthlegal.com answers the below questions.

0:00 Introduction / Positive Focus

1:53 Does cost basis transfer between spouses? Are there any strategies available if the step-up in basis is removed?

8:39 Who should own a 529?

10:52 What options are available for paying for school for grandkids?

14:00 Does a Trust retains ownership of 529 after the death of the grandparents?

14:21 Is money that comes from you’re IRA is transferred to a 529 is it taxed?

14:57 At the time of death does the existing Michigan Educational Savings Program
beneficiaries grant prevail or do the Trust beneficiaries supersedes?

16:09 What is a CRT and how does it work? Is it viable to stretch out payments of IRA’s past the 10-year stretch of the Secure Act?

20:17 I have a home titled to the Castle Trust, is my title safer from title thief or should I purchase title lock security?

23:32 If you sell a commercial property, how does the tax 1030 or 31 exchange works?

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