As we approach the end of the year, it is time to consider giving a year-end donation to your favorite charities. There are still many tax -favored ways to give. Here are some to consider: Give appreciated stocks or mutual funds. If you have appreciated stocks that you have owned for 1 year … [Read more...] about Year End Gifts You Can Make to Charity
Using A Donor Advised Fund to Give To Charity
Many people include gifts to charities in their wills and trusts. The most common way of accomplishing this is by naming a specific charity as a beneficiary. A donor advised fund (DAF) has also become a popular way of giving to charity that could be beneficial for your estate plan and your … [Read more...] about Using A Donor Advised Fund to Give To Charity
The Administration’s Tax Proposals for the Next Fiscal Year
President Biden's administration has given us the first look at tax proposals for the fiscal year 2022 budget. There are quite a few changes listed and most of them as you might expect are increases targeted to high-income taxpayers. Here is a summary of some provisions that may affect … [Read more...] about The Administration’s Tax Proposals for the Next Fiscal Year
529 PLANS AND WHAT YOU SHOULD KNOW
If you have children or plan to have children in the future, you are aware that costs of education are expensive and continue to increase. Many people save for higher educational expenses by utilizing a custodial account or even a trust. Another great option for saving for your child or … [Read more...] about 529 PLANS AND WHAT YOU SHOULD KNOW
YEAR END INCOME TAX AND ESTATE PLANNING RECOMMENDATIONS
This year has been unlike any other with a pandemic and with it many new pieces of legislation that affect your income taxes and estate planning. We will give an overview of important items you should consider. We believe that income and estate taxes will go up for many under a Biden … [Read more...] about YEAR END INCOME TAX AND ESTATE PLANNING RECOMMENDATIONS
