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Home » Authors » Beau Ruff

Articles by Beau Ruff

Giving strategy can aid charity, reduce tax liability

Charitable lead trust can work as bridge to wealth transfer
March 14, 2024
Beau Ruff

A charitable lead trust can provide a stream of income to a charity of choice in addition to acting as a legally sanctioned wealth transfer technique.


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Roth IRAs may benefit more retirement savers

SECURE Act increases tax bills for some heirs
February 15, 2024
Beau Ruff

Advantages may be growing for more people to saving through Roth individual retirement accounts rather than traditional IRAs.


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Ventures with multiple owners can be complex

Host of issues should be agreed upon before doing business together
February 1, 2024
Beau Ruff

Business owners should be forewarned: Any business endeavor is infinitely more complex when other people are included in the ownership pool.



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Value of oil, mineral rights can be hard to ascertain

Ownership of complex assets raises likelihood of multiple probates
January 18, 2024
Beau Ruff

Ownership of oil and mineral rights adds complexity to an estate plan and the resulting probate.


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Multipronged plan can help fund child’s education

Long-term strategy aims to ease burden of rising college costs
December 7, 2023
Beau Ruff

As higher education costs continue to rise, it’s important to consider how best to fund your child’s or grandchild’s education. I propose a multipronged approach to use tax-advantaged 529 plans, trusts, and term-life insurance.


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Owners can lose land through adverse possession

Titleholders are advised to protect property lines
November 22, 2023
Beau Ruff

Your property can be taken from you even though you have ostensibly done nothing wrong.


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Adding adult children to accounts can be problematic

Power of attorney can serve intended purpose
November 9, 2023
Beau Ruff

Many of us choose to put a child’s name on the account. And we choose the most responsible child to handle that duty. This plan is fraught with potential problems, but the good news is that a better solution exists.


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Giving appreciated stock can have tax benefits

Donor-advised funds strategy can enable multiyear deductions
October 26, 2023
Beau Ruff
Giving appreciated stock in a company might be the right path for a business owner who is looking toward selling interest in a business with an inclination toward charitable giving and a desire to save money on taxes. For an explanation based on an
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Owning out-of-state property calls for special plans

Care is needed to avoid going through probate in multiple jurisdictions
October 12, 2023
Beau Ruff
Commonly called 'probate,” the laws that dictate the handling of a person's assets after their death usually depend on the state in which they reside. However, when it comes to real property, the laws regarding its administration are determined by
Read More

Letter of intent designed to protect seller, buyer

Hidden risks can surface without such document
September 28, 2023
Beau Ruff
Individuals seeking to start or grow a business often look to acquisition strategies to achieve those goals. Once a prospective buyer has identified a potential business to acquire, and once the buyer has engaged in preliminary talks with
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