Family Wealth and Estate Planning Articles
Five Important Tax Decisions to Make When Divorcing
Posted by Benjamin Schuver on June 22, 2022
If you’re getting a divorce, you know it can be a difficult process. You don’t want to make it worse by making decisions that will cost you more in taxes. Here are five issues to consider.
Create an Estate Plan for Your College Bound Student
Posted by Isabella Newman on June 17, 2022
If you’re preparing to send your child to college this fall, now is the right time to create a basic estate plan with the help of an advisor.
Ins and Outs of a Charitable Lead Trust
Posted by D’Marie Kleeman on May 27, 2022
A charitable lead trust provides a regular income stream to one or more charities during the trust term, after which the remaining assets pass to your heirs or other noncharitable beneficiaries.
Use a Living Will to Carry out Final Medical Decisions
Posted by Robert Ingrasci on May 20, 2022
The terms “last will and testament” and “living will” may sound similar, but, in fact, they’re not at all similar. The latter is an important estate planning document that details your medical wishes should you become incapacitated.
Biden 2023 Budget Calls For Corporate, High-Net-Worth Individuals Tax Hikes
Posted by Cheryl A. Jankowski on May 05, 2022
The Biden administration’s fiscal year 2023 budget blueprint, released on March 28, consists of a mix of familiar proposals and brand-new initiatives that reflect the President’s policy objectives.
Include Health Care Directives in Your Estate Plan
Posted by D’Marie Kleeman on April 22, 2022
Without an advance health care directive, your estate plan is incomplete.
U.S. Residency and Estate Planning
Posted by Amanda Mooney on April 08, 2022
Estate tax planning can get complicated if you or your spouse is a nonresident alien.
Leverage the Annual Gift Tax Exclusion with A Crummey Trust
Posted by D’Marie Kleeman on March 25, 2022
A Crummey trust allows you to leverage the annual gift tax exclusion to transfer substantial amounts of wealth to your family tax free, but pitfalls to this strategy exist.
Beneficiary Designations vs. Last Will and Testament
Posted by Robert Ingrasci on March 21, 2022
Your beneficiary designations and jointly held assets can wreak havoc if you don’t coordinate them carefully with the rest of your estate plan.
Tax Liability of Gifting Hard-to-Value Assets
Posted by Cheryl A. Jankowski on March 18, 2022
A defined-value gift may be right for you if you’re transferring hard-to-value assets. However, to pass muster with the IRS, precise language must be used in the transfer document.