Investors Nearing Retirement Can Unlock Real Estate Wealth
July 13, 2022Unlocking real estate wealth for investors nearing retirement Individuals or investors nearing retirement face the challenge of having wealth trapped in investment properties with no real strategy to maintain their wealth and create passive income. These individuals need a plan to ease the steep taxes on capital gains when their investment properties are sold. There’s… Read more »
Billionaire Tax Impact on Wealth Management
May 11, 2022Billionaire Tax proposed in President Biden’s 2023 Budget Plan At the end of March 2022, President Biden proposed the “Billionaire Tax” a.k.a the Billionaire Minimum Income Tax (BMIT). This tax requires the wealthiest Americans to pay tax of at least 20% on all income. The White House states that currently “billionaires” pay an average of… Read more »
Five Errors in Estate Planning that are Executor Mistakes
April 19, 2022So You Are Named An Executor Administering a trust or an estate is an important responsibility, this is the role of an executor. In addition to keeping track of all relevant assets, income and expenses, executors must attend to the interests of the beneficiaries while often undergoing the grieving process themselves. Review the following to… Read more »
What you need to know about SLATs
March 23, 2022Spousal Lifetime Access Trusts or SLATs Might Be For You Being happily married, healthy and wealthy is one of life’s great trifectas. It is hard to imagine improving on that but there’s a tax perk that can make it even sweeter. Known as a Spousal Lifetime Access Trust, or SLAT, this trust has a major… Read more »
Estate Planning Attorney Shares Proactive Estate Planning Strategies
February 23, 2022Estate Planning Attorney Shares Proactive Estate Planning Tips Proactive estate planning is the best financial process to protect you and your family. It is a very important component of your overall financial planning. If you don’t have an up-to-date estate plan and you happen to get hurt or sick and cannot manage your financial affairs,… Read more »
Silver Lining for the Affluent in this Challenging Tax Season
February 16, 2022Gift tax returns are truly a gift for wealthy tax filers. Glitches confounding the IRS for a third pandemic year largely concern individual returns, not gift tax ones, which are filed far less frequently. Last year, donors could give $15,000 each to as many relatives, friends or other recipients as they wished.
Comprehensive Estate Plan is the Real Way to Say I Love You
February 07, 2022The Romance of a Comprehensive Estate Plan Jewelry and Chocolates are nice but to truly show you love-think of an estate plan! Yes, love is in the air this Valentine’s Day season. We are going on record to say nothing quite says I love you like a comprehensive estate plan! There is no better way to… Read more »
Will the Debt Ceiling Crisis Impact Your Finances?
October 03, 2021Will the Debt Ceiling Crisis Impact Your Finances? Lawmakers have less than three weeks to raise the debt limit or risk a first-ever default, which would trigger a broad market sell-off and put a stranglehold on everything from government payments to the ability to borrow. If lawmakers in Washington are unable to resolve the debt… Read more »
If I’m Single, Do I Need a Will?
September 18, 2020Do I need a Will if I a single? The easy is answer is yes-you need a will. Everyone needs a will regardless of marital status. Most single people should have a will. A will can help you determine who will get your property (including your home, business, pets, and digital assets), name guardians… Read more »
What is Philanthropic Planning? Why Do I Need a Lawyer?
September 17, 2019Philanthropic Planning – Where to start? Why Do I Need a Lawyer? Philanthropic planning goes further than an estate plan. It’s a representation of who you are and what you believe in, so take the time to think it through with specific goals to create a lasting legacy. Individuals who have vast wealth often want… Read more »
