Your estate plan: Don’t forget about income tax planning.
As a result of the current estate tax exemption amount ($12.92 million in 2023), fewer people are concerned with the federal estate tax. Before 2011, a much smaller dollar amount …
Protect Your Estate With These 2 Essential Documents
Estate planning isn’t just about what happens to your assets after you die. It’s also about protecting yourself and your loved ones during your lifetime. To spare your family from guessing …
Don’t Rely on an Outdated Estate Planning Strategy
Because of the current estate tax exemption amount ($11.7 million in 2021), many estates no longer need to be concerned with the federal estate tax. Years ago, a much smaller …
Should an LLC hold your vacation home?
If you share a vacation home with family members, holding it in a limited liability company (LLC) is one option that offers several important benefits. Here are a few: Asset …
AMTs May Still Bite for Some Filers
For many years, the alternative minimum tax (AMT) posed a risk to many taxpayers in the middle- to upper-income brackets. The Tax Cuts and Jobs Act (TCJA) took much of …