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Tax Planning

Weighing the Tax Risks and Rewards of Gifting Assets to Heirs During Life by Brendan T. Hayes

Posted April 2, 2020

Gifting assets to family members or other beneficiaries during your life not only helps to establish your legacy for future generations, but it also provides an opportunity to reduce the size of your taxable estate. However, before making any gifts, it is important you consider how certain assets will be treated differently for tax purposes […]

Disaster-Relief Loans Available to Small Businesses Impacted by COVID-19 by Todd A. Moll, CFP®, CFA

Posted March 19, 2020

Federal and state governments have announced relief programs to help the nation’s 30 million small businesses suffering financial hardships in the wake of the novel coronavirus (COVID-19) pandemic. Federal Aid The Economic Injury Disaster Loan program, managed by the Small Business Administration (SBA) in tandem with U.S. state and local government, will offer up to […]

Do Foreign Persons Have U.S. Estate Tax Responsibilities? by Melvin Perez, CFP

Posted February 13, 2020

It is no secret that the U.S. tax code is complicated. For foreign persons, compliance with U.S. tax laws is particularly onerous, especially when considering that different rules apply for income and estate tax purposes and neither depend on an individual’s immigration status. For income tax purposes, the U.S. presumes foreign persons to be nonresident […]

What is a Financial Plan? by Lee F. Hediger

Posted November 26, 2019

A financial plan is a written document that lays out your future financial, business and lifestyle goals and maps out comprehensive strategies for achieving them. Contrary to popular belief, financial planning is not just for the wealthy. Rather, it is a critical planning tool that can help all individuals at all income levels make informed […]

Avoid the Problems that Can Come with Cosigning Loans by Kathleen Marteney, CRPC

Posted August 7, 2019

Cosigning a loan for a friend or family member can spell financial disaster and ruin an otherwise healthy relationship. While it is not unusual for parents to cosign for a child’s student loans, car loans or even a mortgage, doing so can damage parents’ credit scores and leave them liable for paying off the entire […]

Tax Reform Brings Estate Tax Relief to Ultra-High-Net-Worth Families by Lee F. Hediger

Posted February 20, 2019

Ultra-high-net-worth families received very generous relief from federal estate taxes in 2018 under the Tax Cuts and Jobs Act. For 2019, the exemption from federal estate taxes increases even further to $11.4 million for individuals or $22.8 million for married couples filing tax joint tax returns. As a result, individual taxpayers can transfer up to […]

Income, Estate and Retirement Planning with Taxes in Mind by Eric P. Zeitlin

Posted January 30, 2019

Engaging in estate and financial planning without paying attention to taxes can be a fool’s errand. Tax awareness can be tantamount to all aspects of saving, investing and even spending. Failure to consider the tax implications of any component of an estate or financial plan may negatively affect expected returns and may result in significant […]

UPDATED It’s Never Too Early for Business Owners to Plan their Exits by Eric P. Zeitlin

Posted January 9, 2019

One of the biggest challenges entrepreneurs must confront is how and when they will exit the businesses that they spent the majority of their lives building.  After all, business owners view their companies as extensions of their personal identities. They neither have the desire nor the time to think about what will happen if and […]

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