Jun 4, 2026 | Estate Planning
A change in leadership is inevitable in a family business. However, when owners concentrate on business strategy, they often overlook how estate planning will affect what will occur when they are no longer present. Early decisions about structure, succession and taxes...
Oct 28, 2025 | Estate Planning, Personal Financial Planning, Tax News
The OBBBA includes several provisions that affect how individuals can deduct charitable contributions on their federal income tax returns. These changes influence both annual tax filings and estate planning decisions. Perhaps the most significant update is that the...
Oct 21, 2025 | Business Planning, Estate Planning, Personal Financial Planning
Revenue Ruling 2023-2, issued in March 2023, made a major change to how assets in irrevocable trusts are treated. The rule states those assets in an irrevocable trust that are not included in the grantor’s taxable estate cannot receive a step-up in basis. This...
Jun 5, 2025 | Estate Planning
A will is a legal document that takes effect after your death. It specifies how you want your assets distributed and allows you to name a guardian for minor children. Wills must be signed and witnessed according to your state’s laws, and they are filed with a...
Nov 12, 2024 | Estate Planning, Featured News and Events, Personal Financial Planning
Reposted from Yahoo Finance, November 2, 2024 news article. By Kerry Hannon, Senior Columnist, Yahoo Finance Three years ago, Lisa Popa was hired for a three-month stint as a tax preparer at an accounting firm. But as April drew to a close, her tax season position...
Aug 14, 2024 | Estate Planning, Personal Financial Planning
Reposted from The Kiplinger Personal Finance July 25 2024 news article. BY DANIEL BORTZ LAST UPDATED 25 JULY 2024 | CONTRIBUTIONS FROM KATHRYN POMROY Estate planning mistakes can upend your best efforts to protect your family’s finances after your death....
