When was the last time you examined your will or trusts? How about power of attorney or plans to gift assets? Under the new tax act, only eight per 10,000 estates will owe federal estate tax—at least until the act sunsets. That means everything needs to be reviewed....
Tax Reform and Families: Three Essential Changes
If you are struggling to understand the new tax act and how it will affect you, so are millions of American families! Indeed, there is both good and bad news. With about 60% of the tax cuts going to families, according to the federal government, you need to understand...
March 2018 Monthly Insight: Qualified Charitable Distributions
“No one has ever become poor by giving.” ―Anne Frank The concept of a qualified charitable distribution (QCD) was first introduced in the Pension Protection Act of 2006. A QCD allows an IRA owner over age 70½ to make a charitable contribution to a charity directly...
February 2018 Monthly Insight: The New Tax Code and Tax Planning
"There's just one thing I can't figure out. My income tax." – Nat King Cole "The hardest thing to understand in the world is the income tax." – Albert Einstein This past year, Halloween was barely over when House Republicans introduced their version of tax reform....