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HSA limits for 2023 Rise as Part of Tax Code Changes

May 03, 2022

Tax Code Changes Due to Inflation The Internal Revenue Service issued its annual inflation-adjusted amounts for next year’s health savings accounts. Due to surging inflation, the highest level in decades, they are raising the HSA limit. As part of 2023 tax code changes, Revenue Procedure 2022-24, states for calendar year 2023, the annual limitation on… Read more »

We Welcome Gregory P. Turza for Expanded Estate Planning Resources

March 07, 2022

Welcome to Greg Turza, Esq. As we continues to expand our estate planning services, AJM&A, Ltd. welcomes friend and colleague Gregory P. Turza, formerly of Legacy Laws. Turza has been a lawyer for nearly 50 years with a focus on estate planning and estate administration. Turza will bring his client base over to AJM&A as… Read more »

Misconceptions About Estate Planning -What You Thought You Knew but Really Didn’t

March 02, 2022

Misconceptions about Estate Planning -What to avoid? Common estate planning misconceptions come when people know the concept but aren’t very clear on the specifics involved. These myths can result in people to believing that an estate plan is unnecessary. By debunking common estate planning myths, individuals can then embrace the need to protect their vulnerable… Read more »

Thanksgiving: A Good Time to Talk Estate Planning

November 21, 2021

It’s Thanksgiving-Let’s Talk Estate Planning Usually, the rule at large gatherings of friends and family is you don’t talk about politics, religion, or personal finances. Yet Thanksgiving offers a great chance to get caught up with loved ones who make up your “family.” With everyone gathered together, you have a prime opportunity to discuss the… Read more »

What is Legacy Planning?

October 13, 2021

Legacy planning encompasses the financial, legal, and emotional aspects of preparing for death. It’s important to take care of your family’s well-being after you’ve passed away by making sure their needs are met. One common way to do this is through a will or trust because it outlines who gets what assets when someone passes… Read more »

What is a Trust – specifically a Lifetime Trust?

June 02, 2017

What is a Trust? A Lifetime Trust keeps the assets within the trust for the lifetime of the beneficiary. This trust avoids probate and has asset protection features .The majority of lifetime trusts distribute income and principal as needed for health, education, lifestyle maintenance, and support. This is typically the most protective type of trust,… Read more »

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Anthony J. Madonia & Associates, Ltd. Map

Contact Information


It would be our pleasure to discuss your business, tax and/or estate planning needs.
For more information or to schedule an appointment, please complete the following, call or email us today.
We will respond within one business day.

Office:

1900 East Golf Road, Suite 650,
Schaumburg, IL 60173
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Phone: (312) 578-9300

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info@madonia.com