Should I Include an Annuity in Estate Planning?
June 16, 2021
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Not all annuities are alike, and some may not be appropriate for you. How much do you know about these investment products?
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What Does the President’s Tax Plan Mean for Estate Planning?
June 1, 2021
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Wealthy families could face combined tax rates of as much as 61% on inherited wealth under President Joe Biden’s tax plan, according to a recent analysis.
What Is the Tax-Law Exception for 529 College Plans in 2021?
May 24, 2021
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Under a tax-law exception this year, clients can make a lump-sum 2021 gift of up to $75,000 to fund a 529 college savings account for a child or grandchild (or any other college-bound individual) and claim a federal gift tax exclusion for the full amount.
Can Estate Taxes Be Avoided with a Trust?
May 21, 2021
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The estate tax exemption raised by the Tax Cuts and Jobs Act will sunset in five years—possibly sooner, as the new Congress gears up for a Biden tax overhaul.
Who Inherits from Prince Philip?
May 20, 2021
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Who will inherit what from the Duke?
Inheritance and Gift Tax Changes in 2021?
May 14, 2021
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Facing down an uncertain election outcome and the possibility of tax reform in 2021, many families started transferring substantial amounts of wealth last year, making large gifts to take advantage of the historically high gift and generation-skipping transfer tax exemptions.
How Does an Inherited IRA and 401(k) Work?
May 5, 2021
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So, you inherited a retirement account. Before you make any decisions on when and how to access the money, it’s worth familiarizing yourself with the rules that apply to different beneficiaries.
How to Protect Digital Assets
May 3, 2021
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While cryptocurrency isn’t new, it’s attracted a lot of attention in the past year because of its skyrocketing value, promotion from prominent figures like billionaire Elon Musk, and bitcoin offerings from traditional financial firms like Morgan Stanley.
What Could the Proposed Estate Tax Bills Mean?
April 23, 2021
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The For the 99.5% Act reduces the estate tax exemption to $3.5 million per individual and $7 million per couple. The bill adds higher tax brackets for larger estates.
What are the Big Tax Penalties to Avoid in Retirement?
April 21, 2021
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Protecting a nest egg is tough enough. Don’t make the situation far worse.
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