Estate planning – your homework before and after

TweetBefore – what you have to do to get the proper documents executed Estate planning and the analysis of life insurance connect in the following way, so you want to do the analysis with your financial advisor in order to … Continue reading

Estate Planning – will we have a new tax law in time?

TweetMany people have argued that Congress will freeze the federal estate tax exemption at $3.5 million and the estate tax rate at 45% The House passed such a law and sent it to the Senate early this month. However, as … Continue reading

Tax planning and 2011 estate tax law

TweetWhile we await more details, recent action by Congress has the Bush tax cuts continuing for two more years, making the 2010 to 2011 tax planning straight forward – much like past years. The new law provides relief on the … Continue reading

Year-end Tax Planning 2023-2024 and recent changes

At year-end, review both this year and next year so you pay the least for both, unless your focus is on possible tax increases, in which case you may seek to tax income in 2023 to avoid higher taxes on the income in the future. You may be able to shift income or bunch deductions into one year to exceed the higher standard deduction as ways to change the taxable amount for either 2023 or 2024. Continue reading