Welcome to Rack & Olansen
We are pleased to welcome you to our new website, which was redesigned to reflect the restructuring of our Firm with the addition of Nathan R. Olansen, Esq. as a shareholder. The announcement of the formation of Rack & Olansen, P.C. was the perfect opportunity to develop a completely new website, with updated approaches to the delivery of key information to visitors to the site. We have also worked diligently to enable more intuitive search capabilities within the site, and to feature printer-friendly formats for attorney profiles and legal topical articles from our “Law Library” for use by both new and loyal clients and their financial advisors. We hope your online experience with the Firm will be as rewarding as it was for us to bring it to you.
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Featured Posts
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The Importance of Beneficiary Designation Planning
Read more...Most people spend a lifetime accumulating retirement assets in qualified plans, IRAs and other tax deferred retirement accounts. Often times, these accounts constitute a significant portion of a person’s wealth. While most of the time the account owner will diligently plan for the withdrawal of assets during retirement, very little time is spent on planning for the distribution or transfer of the account after the owner has passed.
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How to report 2010 Roth IRA rollovers and conversions
Read more...IRS issues guidance for reporting the income tax consequences of 2010 conversions to Roth IRAs for taxpayers that did not elect to include the entire value of the conversion as income on their 2010 income tax return.
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Keeping the Vacation Home in the Family Using LLCs, QPRTs and Dynasty Trusts
Kelly Green, The Wall Street Journal, Who Gets the Vacation Home?:
Is there a way to hand off a vacation home to the next generation so that everyone still wants to spend time together there? Tensions often mount when a family figures out what to do with a property that could be a lightning rod for sibling rivalries—not to mention a sizable chunk of an estate. Creating a new generation of family vacationers is the exception, not the rule, and it requires thoughtful planning.