Languages

Support on this site for Internet Explorer 9 and Internet Explorer 10 will end on April 18, 2018. You must update your browser prior to then to continue accessing ubt.com and UBTgo Online Banking. Learn More Here >>

Beware the GST Tax When Transferring Assets to Grandchildren

As you plan your estate, don’t overlook the generation-skipping transfer (GST) tax. Complexities surrounding its allocation can create several tax traps for the unwary.

Don't Overlook Tax Apportionment When Planning Your Estate

If you expect your estate to have a significant estate tax liability at your death, be sure to include a well-thought-out tax apportionment clause in your will or revocable trust.

When a 15-year Mortgage is the Right Way to Go

Why is a 30-year mortgage the standard? For many homebuyers, it's due to affordability. Monthly payments are lower on longer-term loans. But for some, a 15-year is a great fit. Let's take a look...

IRS simplifies procedure for obtaining extension to make portability election

An estate now has additional time to make a portability election without filing a ruling request. The IRS has also simplified the procedure.

Why Not to Live Within Your Means

We often hear the advice “Live within your means”, and we think of it as sound, prudent advice. However, there are certain situations which that advice becomes not only irrelevant, but problematic.

5 Ways to Save Money When Refinancing Your Auto Loan

Your friends and family keep suggesting to refinance your auto loan but you aren’t quite sure if it’s truly worth your time to do that.

Home Office Deductions: The Easy Way & Hard Way

Beginning in the 2013 tax year, the IRS gave taxpayers a choice when it comes to home office deductions. To avoid the necessity of detailed recordkeeping, a new “safe harbor” deduction was created...

Ask a Trust Officer: Tapping Retirement to Pay for College

Dear Trust Officer: Should I withdraw or borrow from my 401(k) plan to help pay for my child’s college expenses? See the response here.

Smarter in :90 - Debit Fraud

In this episode, Kate's card is compromised. George lays out how this could have happened, and some steps to help avoid it from happening in the future.

Ask a Trust Officer: IRA Rollovers

Dear Trust Officer: When I retire in about a year, I’m expecting a six-figure distribution from my employer’s 401(k) plan. My retirement turns on what I do with this money...See the response here.

Pages