Tax Planning
Tax & Advanced Planning
Many topics fall under the category of Advanced Estate Planning. Usually Advanced Estate Planning is synonymous with reducing the Federal Estate Tax. An overview of some estate tax planning approaches is below: Estate Taxes Minimization Tools The Federal Estate Tax Exemption amount is the amount an estate can pass free of taxes. The current Federal…
Read MoreLiving Trusts and Taxes: What You Need to Know and How to Properly Prepare
If you’re considering creating a living trust to avoid probate, you should understand the tax consequences of these trusts. Read on to learn what you need to know about taxes on living trusts, then contact our the Trusts and Estates Law Group to schedule a consultation. What Is a Living Trust? A living trust or…
Read MoreIs Your Retirement Plan Prepared with Taxes in Mind?
Don’t assume that when you retire your tax liability automatically shrinks. You should start planning tax-efficient strategies now to ease your future tax burden in retirement. Taxes are one of the most overlooked challenges of retirement finances. We typically think about outliving our assets, the high cost of health insurance and nursing home care or…
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