Updates to the 2025 Estate Gift Tax Limits
There are two taxes that will specifically affect estate planning that you should be aware of: estate taxes and gift taxes. The IRS regulations for these two types of taxes …
Life Changes and Estate Planning
If you have had significant life changes in the past 10 years (and really, who among us hasn’t?), then your estate plan should be updated to reflect those changes and …
Vanilla Ice’s Estate Planning Lessons
In a recent YouTube video, Vanilla Ice shared a cautionary tale about a friend who lost over 80% of their inheritance due to these unexpected taxes. It’s a stark reminder …
Estate Planning Checklist for Multigenerational Wealth Transfers
Studies estimate that 70 percent of family wealth is lost by the end of the second generation and 90 percent by the end of the third generation. To help your …
SECURE 2.0 Act
How It Affects You and Your Retirement Account Beneficiaries On December 29, 2022, President Biden signed the Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0 Act). The …
Navigating the Latest IRS Changes for 2023 Estate Tax Exemptions
Estate Planning 2023 Taxes
Three Important Concerns Self-Employed Individuals Should Address
Being self-employed is no easy task. You are the owner, and in some cases, the only employee. While you may have more freedom than the average worker, a lot of …
Estate Planning for the Self-Employed
Planning for the future is essential, especially for self-employed individuals. Unlike traditional employees, the self-employed often face unique challenges when it comes to protecting their assets and securing their family’s …
Community Property Trusts Frequently Asked Questions
1. How can a community property trust help me save on taxes? Community property trusts help married couples save money by reducing or even eliminating capital gains tax after the …
How a Community Property Trust Could Save You Money in Taxes
When it comes to your family’s legacy, every dollar you can save from taxation counts. One way to keep your accounts and property out of the hands of the Internal …