Wealth Management & Investments
As inflation and economic conditions evolve, the IRS regularly adjusts financial thresholds for tax-advantaged accounts and tax exclusions to reflect changes in the cost of living (COLA = cost of living adjustments). These updates impact retirement…
Talking money can feel tacky, but there is a time and a place for it – especially with your professional wealth advisors and your family when moment is right. Without open communication, years of planning and…
August is recognized as National Make-A-Will Month, an annual campaign that reminds us of the importance of having a will or estate plan and the importance to make sure all details are up to date. When…
Under the current Tax Cuts and Job Act of 2017, individuals can transfer up to $13.61 million (per spouse, as of 2024) tax-free through their estate. But starting January 1, 2026, that exemption is expected to…
The Role of the Trustee Simply stated, a trustee is an individual or entity that holds legal title to some property (financial assets, business, real estate, etc) for the benefit of others. A trustee’s actions with…
When I think about the estate tax law environment over the past couple of decades, I am reminded of the phrase, “The only thing that stays the same is everything changes.” Those within the estate planning…
Estate Tax
Protecting Your Legacy: 8 Essential Steps for Business Owners Ahead of Estate Tax Changes
Closely held business owners face unique set challenges and opportunities, especially as we approach the anticipated sunset of current estate tax exemptions in January 2026. It’s imperative for business owners to consider their structure and succession…
The end of tax season is quickly approaching. Spring is in full swing, summer is just around the corner and everyone is ready to wrap up the 2023 tax season. However, implementing one or more of…
The end of the year is quickly approaching, and as people turn their attention to holiday celebrations with friends and family, taxes are naturally the last thing on their minds. However, implementing one or more of…
When it comes to their portfolios, investors hate to take losses. But sometimes a loss could be just what the CPA ordered. As we wrap up a volatile year in the stock market, many people are…