While planning your estate, you’ll carefully consider what to give to each of your beneficiaries carefully—your spouse, children, grandchildren, other relatives, and even friends. But there is one thing that you may not have yet considered: federal estate taxes. One of the many roles an … [Read more...] about Will You Be Subject to Federal Estate Tax Payments Upon Your Death?
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
Pandemic Tax Law Changes
The continuing COVID-19 pandemic continues to lead the US and the world in changes to everything in daily life. In response, Congress and state legislatures rushed to pass bills to ease the difficulties caused by the shutdown of so many businesses that left many people in a lurch. To help … [Read more...] about Pandemic Tax Law Changes
What Duties Are Required if You Are The Executor of an Estate in Glenview, IL?
Have you been named the executor of someone’s will and/or estate? It may seem like an easy task, but it isn’t. An executor is a person who finishes up the details of someone’s life when they pass on. An executor is more than just a ceremonial role. If you’ve been named as the executor of … [Read more...] about What Duties Are Required if You Are The Executor of an Estate in Glenview, IL?
