{title} icon

Family Wealth and Estate Planning Articles

 

IRS Releases FAQs Regarding July 15, 2020, Postponed Income Tax Filing, and Income Tax Payment Date

IRS Releases FAQs Regarding July 15, 2020, Postponed Income Tax Filing, and Income Tax Payment Date

Posted by Cheryl A. Jankowski on April 01, 2020

On March 24, 2020, the IRS posted frequently asked questions to provide additional clarification and guidance regarding the application of its relief guidance. Here is a summary of those FAQs.

> Read More
Federal Tax Relief to Alleviate COVID-19 Hardships

Federal Tax Relief to Alleviate COVID-19 Hardships

Posted by Michē Needham on March 23, 2020

The federal government has been working on various relief measures to help individuals and small businesses cope with the situation, including tax relief provisions. Here are the tax changes that have been finalized so far.

> Read More
Explore Estate Planning Alternatives to Stretch IRAs

Explore Estate Planning Alternatives to Stretch IRAs

Posted by D’Marie Murray on March 09, 2020

Recent changes to the tax law have diminished the tax-saving potency of stretch-IRAs, but there are still other tax-smart ways to transfer wealth to your loved ones.

> Read More
Decanting May Allow Trustees to Fix a Damaged Trust

Decanting May Allow Trustees to Fix a Damaged Trust

Posted by Robert Ingrasci on February 28, 2020

Through a process known as decanting, many irrevocable trusts that have become ineffective or obsolete due to changing tax laws or family circumstances may be “fixed.” However, a trust's terms and state laws determine the degree to which a trustee can alter the original trust document.

> Read More
Age-Related Tax and Financial Planning Milestones

Age-Related Tax and Financial Planning Milestones

Posted by Cheryl A. Jankowski on February 11, 2020

Birthdays should be celebratory, not stressful, but some ages come with tax and financial consequences that require your attention. From birth to old age, you can't beat Father Time, but you and your loved ones can plan for these milestones.

> Read More
Maximize the Qualified Business Income Deduction with Multiple Trusts

Maximize the Qualified Business Income Deduction with Multiple Trusts

Posted by D’Marie Murray on January 22, 2020

Since the Tax Cuts and Jobs Act went into effect, owners of sole proprietorships and pass-through entities have been allowed to deduct up to 20% of their qualified business income. However, the benefits associated with Section 199A of the tax code may be reduced or eliminated if an owner's taxable income exceeds certain thresholds.

> Read More
Three Reasons to Use Valuation Pros in Estate Planning

Three Reasons to Use Valuation Pros in Estate Planning

Posted by Cheryl A. Jankowski on December 17, 2019

Some business owners design their estate plans without consulting a business valuation professional, but do-it-yourself valuations can be risky.

> Read More
The Potential Impact of New Appraisal Regs On Charitable Giving

The Potential Impact of New Appraisal Regs On Charitable Giving

Posted by Cheryl A. Jankowski on November 07, 2019

Do charitable gifts play an important role in your estate plan? If you make or plan to make substantial noncash gifts to charity, you should be aware of how new requirements for appraisals can affect those donations.

> Read More
Claiming Your Parent as a Dependent

Claiming Your Parent as a Dependent

Posted by D’Marie Murray on September 13, 2019

If you pay over half the cost of supporting a parent, he or she is considered your dependent for federal income tax purposes — which may qualify you to some significant tax breaks.

> Read More
Tax Strategies for Seniors

Tax Strategies for Seniors

Posted by Robert Ingrasci on September 04, 2019

Good things come to those who wait. Older taxpayers may be entitled to some age-based tax breaks.

> Read More
Page 1 of 4 pages  1 2 3 >  Last ›
SIGN UP TO RECEIVE OUR LATEST ARTICLES, NEWSLETTERS, AND EVENTS. SIGN UP

Comprehensive. Proactive. Accessible.
How Can We Help?