Mitigate the Tax on the Sale of a Capital Asset
Thinking of selling your business or a piece of real estate and worried about the capital gain associated with the sale? I may be able to help you mitigate the tax on the sale of a capital asset. Feel free to review the information in the PDFs below and schedule some time to talk about how this […]
Cares Act Changes to Retirement Plans
There have been several changes in legislation making it easier for companies and individuals that participate in certain retirement plans to access money. There are three important components that we would like our clients to be aware of; loan limits have been doubled, there is no 20% withholding, and 2020 required distribution rules have been […]
Select Trustees with Care
If you are thinking about establishing a trust, you will need to select a trustee—someone who will administer the trust according to your wishes. Perhaps you are considering naming a family member, or maybe you are wondering whether it would be wiser to designate your attorney or another trusted professional. Choosing a trustee is […]
The Three Steps to Estate Planning
The Three Steps to Estate Planning As complex as it can be, there are three steps to estate planning: Accumulate Assets Determine What Will Be Done With The Assets Determine How Assets Will Transfer Let’s discuss them each, in turn. Accumulate Assets: Asset accumulation includes many things. Of course there is earning income and saving […]
Why One Size Doesnt Fit All In Estate Planning
Why One Size Doesn’t Fit All in Estate Planning There are many things that estate plans have in common. For example, there will likely be a will, a power of attorney, a health care proxy, and probably a trust. The same key elements will also be addressed, such as property distribution, business interests, and so […]
Playing by the IRA Rules
Even the rebellious at heart may choose to play by the rules governing Individual Retirement Accounts (IRAs) to avoid tax penalties. IRAs offer favorable tax-deferral benefits to individuals who are saving for retirement, but with those benefits come certain rules about when distributions may be taken. Contributions to a traditional IRA, depending on your […]
Your Personal Finances-Life Insurance: Adapting to Changing Needs
When Pat purchased her life insurance policy ten years ago, she assumed that her life insurance planning was complete. She thought that if she just paid her premiums on time, she could sit back and not worry about life insurance any more. True, Pat’s policy has provided her with protection for her family’s finances in […]
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