With a new year comes many new changes – putting up a new calendar, making New Year’s resolutions, AND new contribution and gifting limits imposed by the IRS. The IRS reviews the contribution limits and income phase-out ranges for retirement plans, health and dependent care savings accounts, and Read more…
The Importance and Cost of Basic Estate Planning Documents
Estate Planning is a broad term, often overwhelming and misunderstood. Some people think only the “wealthy” need an Estate Plan, but the bottom line is most everyone should have a basic Estate Plan. Estate Planning is a topic near and dear to our hearts as we work with many clients to help develop Read more…
Understanding the Benefits of Self-Canceling Installment Notes in Estate Planning
Introducing self-canceling installment notes (SCINs): a unique form of promissory note that allows buyers and sellers to securely transfer real estate, business interests, and other assets while helping to optimize income, gift and estate taxes. Read more…
Charitable Contributions with Equity Compensation, Estate Planning and Taxes
A charitable contribution is the gift of cash or property made to a nonprofit organization. The gift is meant to help an organization accomplish its goals, and the donor receives nothing in return. In most years, taxpayers can deduct cash charitable donations to public charities of up to 60% of Read more…
Estate Planning for Dummies: 10 Helpful Estate Planning Tips
The rule is simple: If you own assets of any kind, you should make an estate plan. Estate planning isn’t just for the ultra-wealthy or older generations — it’s a crucial component of your complete financial plan. In this blog, we’ll share 10 estate planning tips to prepare you and your family for Read more…
What is the Difference Between an Estate Plan, a Will and a Trust?
You’ve likely heard it before. Regardless of health, wealth, marital status, or parenthood, everyone should think about estate planning. Most people beginning the process of estate planning – and those who have already created their estate plan - know that wills and trusts are both important Read more…
The Guide to the Estate Documents You Need to Have
While it may be a challenging subject to approach, we all know that eventual death is a certainty. What will happen to our house, cars, bank accounts, retirement plans, and other personal belongings when that occurs? What if some or all these items have outstanding debt? What if they don’t? And who Read more…
Estate Planning Pros: How to Choose an Executor for Your Estate
So, you’ve decided to put together your estate plan. That’s great! Often considered just for the ultra-wealthy or older generations, estate plans are a crucial component of a complete financial plan. An executor and team of estate planning professionals are a few essential pieces of an estate plan. Read more…
What You Need to Know about Estate Planning
Developing and executing an estate plan is one of the most important pieces of your financial plan. Read more…
Do It for Your Loved Ones: 4 Reasons You Need Estate Documents
Does anyone really enjoy thinking about, let alone discussing, their mortality? Most of us do whatever we can to avoid this topic. While that’s human nature, doing a little planning now can save major headaches for our loved ones down the road. Read more…
