Health Savings Accounts can prove very important in estate planning.
estate and tax planning
A Very Much Not-Now estate Planning Move
There are many reasons it’s NOT a good idea to transfer ownership of your home to an adult child.
First National Bank of Grandma and Grandpa
Many grandparents choose to lend money to their grandchildren. The estate planning needs to specify whether the loan will be forgiven, and their are tax rules that must be followed.
The Families First Coronavirus Response Act
Families First benefits are now available to free-lancers and independent contractors.
A Kill-Two-Birds-With One-Stone Year-End Tax Planning Play
Combining RMDs with charitable gifting can lead to major tax savings.
‘Tis the Season to Think About the 5 Taxes That Can Affect Your Estate
There are five kinds of taxes that can affect your estate..
Generational Opportunity for Only a Few; a Wake-up Call for Many
The 2017 Tax Cuts and Jobs Act had doubled the amount for paying estate tax. Now that advantage is dur to expire in 2025, dramatically reducing the tax exemption. While only high not clients will be directly affected, all clients need to review their estate and tax planning.
2 Reasons Transferring Title of a Home to an Adult Child is a Bad Idea
There are two important reasons it is NOT a good idea to transfer a home into the name of an adult child for the purpose of qualifying for Medicaid….
Couples, Finances, and Estate Planning
Co-managing finances, while respecting the needs of each spouse, an be a challenge even for “traditional” couples.Legal advisors must take a sympathetic and compassionate approach as couples deal with legal considerations.
Good Business Owners Prepare for Bad Things to Happen
Bad things can and do happen to even very devoted and very skilled business operators, and having contingency plans is a vital aspect of owning a business.