What are the Tax Brackets for Next Year?
“People pay many different kinds of taxes. You file an income tax return every spring, pay sales taxes when you buy things and pay property taxes if you own a home. These taxes apply to nearly everyone.”
Giving to My Favorite Charity in Estate Plan
“Some people choose, upon their passing, to give their inheritance to a specific charity or organization. The great news is you don’t need a famous surname to give like a philanthropist.”
What will Estate Tax Exclusion Be Next Year?
“Ultra-wealthy Americans can soon protect more assets from federal estate taxes, the IRS announced this week.”
When Should I Hire an Estate Planning Attorney?
“Here are four types of estate situations that could call for professional legal help.”
What’s Involved with Being a Trustee?
“Being a trustee is difficult but adopting these four best practices employed by professional trustees will go a long way to ensure that you’ll effectively execute your duties and mitigate your liability.”
Is Putting a Home in Trust a Good Estate Planning Move?
“Homes are illiquid assets that produce no income and come with ongoing costs for upkeep. Those issues can cause some snags with your trust.”
What Is Portability and Can I Use It with Farm?
“One of the most overlooked and misunderstood tax laws – available to married farming couples – is an opportunity called portability.”
Why Should I Give My Money Away?
“Everyone likes money, right? Giving money to family or friends can also be a smart tax planning move.”
Can I Split My Inheritance with My Sibling?
“In order to give your brother half of the assets in the IRA, you will have to liquidate a portion of the account and pay the taxes on the liquidated amount if it’s a traditional IRA.”
What Can a Trust Do for Me and My Family?
“Trusts are often associated with the rich, but the uber-wealthy are not the only people who can benefit from using trusts. There is no minimum asset level or net worth required to set up a trust, and you can put any amount of money into a trust.”
