Portability can be used to Protect Farm
One of the most overlooked and misunderstood tax laws – available to married farming couples – is an opportunity called portability.
May 10, 2022
Gifting to your Loved Ones can reduce Taxes
Everyone likes money, right? Giving money to family or friends can also be a smart tax planning move.
March 30, 2022
Bypass Trust gives Flexibility in managing Taxes
The rise in the stock market over the past several years, teamed with the passage of the SECURE Act two years ago—as well as the scheduled 50% reduction in the size of the federal estate tax exemption four years from now—has resulted in a renewed interest in estate planning for IRA and 401(k) accounts owned by married couples.
March 14, 2022
A Trust provides more flexibility than a Will
Trusts are often associated with the rich, but the uber-wealthy are not the only people who can benefit from using trusts. There is no minimum asset level or net worth required to set up a trust, and you can put any amount of money into a trust.
March 2, 2022
Filing Taxes when a Loved One passes
No one likes doing taxes, but the task is even more daunting when filing a return for someone who has died.
February 24, 2022
The Estate of The Union Episode 12 is out now!
The Estate of The Union Episode 12 is out now! This is the traditional time for giving. Giving to a cause and giving of ourselves.
December 14, 2021
Consider Gifting to Loved Ones before Tax changes
A recipient of a gift does not pay income taxes on the gift. However, the gift-giver may pay gift taxes, unless one of two exemptions applies.
December 2, 2021
Providing Financial Security to your Heirs
Inherited assets come with benefits, along with some burdens
November 11, 2021
What Is Income in Respect of Decedent?
When a loved one passes away, it can be an emotional experience. Unfortunately, handling the deceased’s finances can add to this stress.
November 8, 2021
Small Business Owners need Estate Planning
Small business owners have their hands overflowing with issues, and they devote most of their time to matters related to the smooth running of the business. Having no time to think about other matters, they do not bother about estate planning for them.
October 28, 2021