What information would you need from Sarah in order to give her sound advice? Discuss the taxability of the different types of assets.

Individual case 2

What information would you need from Sarah in order to give her sound advice? Discuss the taxability of the different types of assets.

Are some tax-preferred assets upon bequeath, and are there non-tax benefits to the cash?

Come up with a plan that helps “equalize” the after-tax receipts for her two children and husband (hint: the lawyer probably shouldn’t be given the 401k).