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Estate Planning & Asset Protection

November 30, 2018

Can You Bequeath Your Frequent Flyer Miles?

If you’re a frequent airline traveler, one of your estate planning concerns may be what will happen to your accumulated miles once you’re gone. They could be worth thousands of dollars, so you probably don’t want them to just disappear, but some airline policies say that’s exactly what will happen. The law doesn’t consider airline […]

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Estate Planning & Asset Protection

November 29, 2018

Do your parents have an estate plan?

If you find yourself in the “sandwich generation” (someone who is caring for both your children as well as your parents simultaneously), you need to know whether or not your parents have put together an estate plan. While it is still your parent’s choice to make estate planning decisions, having a plan — no matter […]

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Estate Planning & Asset Protection

November 27, 2018

Estate Planning: Why Me, Why Now, and Is a Will Enough?

You have worked hard for years, have family members and friends you care about, and have approached a time in your life when “estate planning” sounds like something you should do, but you are not exactly sure why. You may feel that you are not wealthy enough or not old enough to bother or care. […]

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Estate Planning & Asset Protection, Tax Season

November 20, 2018

There’s Never A Better Time Than Now to Get Your Affairs in Order

The idea of getting your financial and legal house in order is likely the last thing on your mind during the busy holiday season. But, getting started is much easier than you think. In fact, the end of the year is a good time to reflect upon the year that has passed and focus on […]

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Trusts

November 16, 2018

Strategies for Reducing the Income Tax Squeeze on Irrevocable Trusts

Under federal income tax laws, irrevocable, non-grantor trusts (such as Bypass Trusts and Dynasty Trusts) are subject to highly compressed income tax brackets. In 2014, the top 39.6% tax rate kicks in at only $12,500 of trust income. In addition, trusts in the top tax bracket are subject to the 20% long-term capital gains rate […]

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Estate Planning & Asset Protection, Tax Season

November 14, 2018

Your 5 Task Year-End Estate Planning To-Do List

2019 is fast approaching.  As we all prepare for the holidays and a new year, it is important that we wrap up any loose strings.  Before entering into the new year, here are some things that need to be on your end of year checklist:   Make Sure Your Estate Planning is Up To Date […]

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Tax Season

November 9, 2018

Strategies for Saving on 2018 Income Taxes

Now is the time to begin looking at ways to minimize your 2018 income tax bill. Everyone should consider the “timing” of their deductions and, if possible, income. Depending on your circumstances, it might make sense to prepay some expenses for 2019, so you include them on your 2018 tax return. These expenses may include state […]

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Tax Season

November 9, 2018

4 Things to Do to Get Ready for Tax Season

With the passage of the Tax Cuts and Jobs Act in December 2017 (effective January 1, 2018), the 2018 tax season is going to look a little different for many filers.  In order to ensure you are not caught behind the eight ball, there are a few things you need to think about and do […]

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Estate Planning & Asset Protection

November 8, 2018

How Often Do You Update Your Estate Plan? More Often Than Your Resume?

A resume is a “snapshot” of your experience, skill set, and education which provides prospective employers insight into who you are and how you will perform. Imagine not updating that resume for 5, 10, or even 15 years. Would it accurately reflect your professional abilities? Would it do what you want it to do? Likely […]

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Estate Planning & Asset Protection

November 7, 2018

Big “Life Changes” Often Mean Big “Estate Plan Changes”

Many people who put together an estate plan do so when they start a family – assuming they put an estate plan together at all during their lifetime. While putting an estate plan together is a good thing to do, many people make few updates once the plan has been created, despite other key life […]

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