Taxes That Can Impact Your Estate Plan

Estate planning involves deciding how to plan for the management of your money, property, and well-being before your death and how to distribute your money and property after your death. A comprehensive estate plan should consider the impact that taxes can have on your estate and ensure that your estate is distributed in a tax-efficient [...]

2023-05-10T15:41:01+00:00Estate Planning, Taxes|

Quiz: How Much Do You Know About Taxes?

Test your tax knowledge with this short quiz about our tax system. Did You Know? The most misused Social Security number of all time was 078-05-1120.7 In 1938, as part of a promotion to sell wallets through Woolworth and other department stores, wallet manufacturer H. Ferree Company wanted to demonstrate how a Social [...]


Balancing Act: What Matters Most to You?

When people begin getting their affairs in order through the creation of an estate plan, they often face a delicate balancing act between saving on income and estate taxes, protecting their hard-earned savings from their ultimate beneficiaries’ creditors, and providing maximum benefit to their loved ones. Finding the right balance requires careful consideration of the [...]

2023-04-12T19:37:01+00:00Estate Planning, Taxes|

The Deceased Spouse’s Unused Exemption (DSUE) Amount: a Spouse’s Final Gift

Spouses often work together to build wealth for themselves and their children. Congress recognized this by enacting the gift and estate tax portability election  in 2010, and making it permanent in 2012, providing married couples with a relatively simple way to potentially shield much more of their wealth from federal gift and estate taxation. If [...]

Retirement Planning Update

Although we are still in the midst of winter, spring is on its way. It is important to remember upcoming April deadlines for retirement contributions and required minimum distributions (RMDs), but there have also been some recent developments that may impact your retirement planning. IRS Proposed Regulations for Required Minimum Distributions In 2020, the Setting [...]

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