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
Creating a Legacy Plan
Over the next 25 years, analysts anticipate $68 trillion to be passed down to younger generations and charities. While the importance of legacy planning is not limited to the forthcoming Great Wealth Transfer, it does spotlight the significant amount of wealth that has been created, primarily by Baby Boomers, and the need to transition these assets thoughtfully.
November 2, 2021
Consider delaying Social Security Benefits
In a rush to file for Social Security benefits at age 62? Many people are, but slow down and do the math first – or you might regret it.
October 29, 2021
Consider a Family Meeting about Estate Planning
When there is a large inheritance at stake (or even when there isn’t), it is a great idea to get everyone on the same page. A family meeting can make that happen, and it can even be enjoyable.
October 21, 2021
Benefits of a Charitable Lead Trust
What is a charitable giving technique that doubles as a wealth transfer technique to avoid estate taxes and at the same time works especially well in a low-interest rate environment (as we find ourselves in now)?
October 19, 2021
What to Do with an Inherited IRA
Inheriting an IRA from a parent has a unique set of rules you need to know, which will help you make the most of the money you inherit and avoid a tax-time surprise.
October 12, 2021
Protect Loved Ones from Financial Elder Abuse
Recent studies estimate that 39.6% of Americans 65 years of age or older are victims of financial abuse.
October 11, 2021
Businesses should have a Buy-Sell Agreement
What happens at your company when a shareholder dies or becomes disabled, or wants to leave? These are just two of the potential scenarios that can be properly addressed with a buy-sell agreement.
October 4, 2021
Many Benefits of 529 Plans
Only about 35% of Americans have heard of 529 plans, according to the College Savings Plans Network. Of those, a mere one in four connect the plans with higher education savings.
September 22, 2021
How to Handle an Inherited IRA
You’ve inherited an individual retirement account, or IRA. Now what?
September 20, 2021