Oct 17, 2023 | Estate Planning, Personal Financial Planning
Your 65th birthday is a landmark date for many, as you plan for your senior years. There’s a lot to think about, and your decisions will be based on your income and savings and on your long-term goals. Below is a summary of the major issues. Sign up for Medicare...
May 10, 2022 | Estate Planning, Personal Financial Planning, Tax News
Did a close relative die and not leave a will? You will face some complexities, but you can get through them if you know the rules. How will the estate be distributed in the absence of a will? To start with, many assets aren’t passed by will, such as: Life...
Jul 22, 2021 | Estate Planning, Personal Financial Planning, Tax News
President Biden’s proposed infrastructure plan does not explicitly raise estate taxes. Instead, it ends the step-up in basis that wealthy taxpayers often use to minimize the tax on inherited wealth. The step-up in basis allows heirs to calculate their capital...
Nov 17, 2020 | Estate Planning, Personal Financial Planning, Real Estate
Risk management should be a part of any long-term estate plan, especially when a plan is expected to cover several generations. Multigenerational clients tend to be more concerned with preserving wealth than taking risk on the upside of markets. They look at risk...
Sep 1, 2020 | Estate Planning, Personal Financial Planning, Real Estate
The physical and financial health challenges caused by the COVID-19 pandemic gave us time to rethink our priorities and expectations. Estate planning is one area that has received a lot of attention, and for good reason. Here are three basic areas to review as you...
Aug 23, 2018 | Estate Planning, Tax News
The Treasury Department and the IRS plan to issue regulations clarifying that certain estate and nongrantor trust expenses remain deductible and are not subject to the miscellaneous itemized deductions suspension. As added by the Tax Cuts and Jobs Act (TCJA) ( P.L....
