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Donate Your Used or Unwanted Musical Instruments to the Elville Center Today!

By:  Jeffrey D. Stauffer, Executive Director – Elville Center for the Creative Arts, Inc. Do you have an instrument taking up space in a closet or attic not being used anymore?  Perhaps your son or daughter has moved on to other activities and their instrument could use a good home! As the fall semester in …

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Leaving an IRA to a special needs trust

Leaving an IRA to a Special Needs Trust Is No Longer Such a Bad Idea

The SECURE Act, passed at the end of 2019, changed a number of rules regarding inherited IRAs, making it more difficult for most beneficiaries to save on taxes by “stretching” distributions over many years. However, an exception to the new rules potentially changes advice that special needs planners often give clients, and leaving an IRA to …

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Four Questions to Help You Choose the Right Professional Trustee for Your Special Needs Trust

Parents or other family members establishing a special needs trust for their child often want to name a professional — usually a bank, trust company, attorney, certified public accountant or non-profit — as one of the trustees of the trust in order to take advantage of that individual’s experience with investments, money management and tax planning. …

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Passing Assets to Grandchildren Through a Generation-Skipping Trust

Passing assets to your grandchildren can be a great way to ensure their future is provided for, and a generation-skipping trust can help you accomplish this goal while reducing estate taxes and also providing for your children.   A generation-skipping trust allows you to “skip” over the generation directly below you and pass your assets …

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