Unless you’ve created a proper estate plan, when you die many of your assets must first pass through the court process known as probate before those assets can be distributed to your heirs. Like most court proceedings, probate can be time-consuming, costly, and open to the public, and because of this, avoiding probate—and keeping your family out of court—is a central goal of most estate plans.
Read MoreIf you’ve been following the news about the proposed spending plan and the coming changes, you know that none of us know what will ultimately happen—or even when we will know the final outcome. I am tracking the tax law changes, so you don’t need to—I know you’ve got far more important things to focus on in your life. Here I lay out what you need to do now to prepare for the possible change in our tax laws.
Read MoreNow is the time to start thinking about your 2020 return due next April. While it’s always a good idea to be proactive when it comes to tax planning, it’s particularly important this year.
Read MoreMany people come to me curious (or confused) about trusts and taxes. So, to sort it out and clarify things for you, here is a break down on the tax consequences you can expect from some common trusts.
Read MoreStrategies for maximizing your retirement account’s potential for growth, while minimizing tax liabilities and other risks that could arise in light of the legislation’s legal changes.
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