Family Wealth and Estate Planning Articles
The Value of a Special Needs Trust
Posted by Amanda Wojtkowski on February 15, 2024
Special needs trusts (SNTs) benefit children or other family members with disabilities that require extended-term care or that prevent them from being able to support themselves.
Preparing for the 2023 Gift Tax Return Deadline
Posted by Cheryl A. Jankowski on February 13, 2024
Individuals unsure about their filing obligations or considering the voluntary submission of a 2023 gift tax return should seek guidance.
Best Practices to Reassess your Beneficiary Designations
Posted by D’Marie Kleeman on February 01, 2024
Reassess your beneficiary designations to avoid pitfalls and make smart decisions about your estate plan.
Retirement Planning: IRAs for a Tax-Advantaged Future
Posted by Robert Ingrasci on January 23, 2024
By contributing to a traditional IRA, not only do you get to enjoy immediate tax savings, but your earnings also have the opportunity to grow tax-deferred.
The Differences Between Inter-Vivos and Testamentary Trusts
Posted by Cheryl A. Jankowski on January 11, 2024
The two main types of trusts and which is best suited to your circumstances.
Ensure Compliance with Securities Laws in your Estate Plan
Posted by Cheryl A. Jankowski on January 04, 2024
Do you have unregistered securities in your portfolio, such as restricted stocks or investments in hedge funds or private equity funds? If that's the case, it's crucial to take into account the relevant securities laws when formulating your estate plan strategies.
Individuals: 2024 Inflation-Adjusted Tax Amounts
Posted by Amanda Mooney on November 21, 2023
The IRS has announced inflation-adjusted federal tax amounts for individuals.
Consequences of Jointly Owned Assets with Children
Posted by D’Marie Kleeman on October 26, 2023
Avoid these six consequences of jointly owned assets with children.
How the Spousal Portability Election Minimizes Taxes
Posted by Robert Ingrasci on August 31, 2023
Spousal portability is not automatic, it is necessary for the deceased spouse’s executor to make a portability election along with filing an estate tax return.
Naming a Guardian for Minor Children
Posted by Sarah Hopkins on June 09, 2023
The importance of selecting a guardian for minor children and the considerations that should be made when selecting a family member or close friend.