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There have been many recent reports regarding the petition that Britney Spears’ father, Jamie Spears, What this means for Britney Since Britney Spears did not have any documents in place that would have brought to light the many concerns of these proceedings, may make it difficult for her feel completely “free For example, Lynne Spears, Britney’s mother, is requesting the court to approve that her legal fees of over $600,000.00 are to be paid from Britney’s estate.

If you have not heard about the legal battle that Britney Spears has endured over the last nearly 13 In 2008, shortly after what many call a “breakdown,” Britney has been the subject of a court-approved Jamie Spears, Britney’s father, was appointed as her conservator, which gave him the authority over her There are many documents that would have been beneficial to Britney if she had them established before the infamous 2007 Britney breakdown, but two of the most common would have been a statutory durable

Congress used to wait until the end of the year to extend the law that let people make a tax-free donation but won’t increase your adjusted gross income, according to Kiplinger’s article “Donate Your RMD Tax-Free The RMD must be transferred directly from the IRA to the charity to be tax-free. One last note: you can make the tax-free transfer from the IRA to a charity but not to a donor-advised Reference : Kiplinger (May 13, 2016) “Donate Your RMD Tax-Free to Charity in 2016” #IRAs #RequiredMinimumDistribution

Those who are 70½ or older can give up to $100,000 annually to charity from their IRAs tax-free. Withdraw money from tax-free Roth IRAs. Tax-free withdrawals from a Roth IRA or Roth 401(k) aren’t calculated as part of your AGI. You are required to pay income taxes in the year of the conversion, but you can use the funds tax-free

Fortunately for older veterans that served the country during a period of war, additional tax-free benefits This benefit is known as the Aid and Attendance Pension, and it is a 3-tiered tax-free benefit for wartime Once approved, older veterans and their spouses can be eligible for up to $25,525 per year, tax-free,

there are no required minimum distributions after the investor reaches 70½: the money can grow tax free converting to a Roth IRA would let you have lower joint tax rates and later the money would be yours tax free Your family can make tax-free withdrawals for the rest of their lives. NO!

linked bank account, making it easy to contribute without thinking twice. 529 earnings are federally tax-free The first $1,000 of income is tax-free.

A Roth IRA is funded with after-tax dollars, and that money grows tax-free. Plus, qualified distributions after age 59½ are also tax-free.

low tax bracket, you may want to pay taxes now and save funds in a Roth, which you can withdraw tax-free Contributions are from after-tax dollars and can be withdrawn tax-free—including earnings—in retirement The closer you are, the better picture you’ll have of your future and whether you’ll need tax-free withdrawals

and can be withdrawn tax-free, so long as it is used for college tuition or related expenses. Spouses can combine their exclusions for up to $30,000, tax-free. Everyone can gift up to $11 million tax-free, and each couple can gift up to $22 million. DO Offer Rent-Free Living Want to let someone live in your house rent-free? Or perhaps you see yourself buying a home and letting a loved one stay there for free.

It’s now permanent for those over 70 ½ to make a tax-free “qualified charitable distribution” with a Funds contributed to a 529 for the benefit of a child earn income and appreciate tax free.

Other states use the term conservator, which you may be familiar with from Britney Spears’ conservatorship