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 the moment is right. Without open communication, years of planning…
Advisory Services
For years, financial professionals have closely monitored the scheduled expiration of the Tax Cuts and Jobs Act of 2017 (TCJA), anticipating how its sunset at the end of 2025 might impact planning strategies. Now, with the…
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…
In a year marked by market swings and economic uncertainty, investors are looking for every edge they can get — and that includes minimizing their tax bill. When it comes to their portfolios, investors hate to…
The word “budget,” often evokes a negative reaction for fear it will be restrictive and limit the things we’re able to do. However, a budget doesn’t have to be restrictive to be effective. While creating a…
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…
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…