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Tax Planning

It’s Not too Late to Reduce your 2021 Tax Bill By Lee F. Hediger

Posted March 16, 2022

Your income-tax liabilities for a particular year generally are set by the time the clock strikes midnight on December 31. However, there are some last-minute moves you can make in the New Year to reduce your tax bill before the individual income tax filing and payment deadlines in April. Max Out Retirement Savings Opportunities You […]

Differentiating Between Revocable and Irrevocable Trusts By Brendan T. Hayes

Posted March 3, 2022

Trusts can play a critical role in helping individuals protect their wealth and ensure the efficient and private transfer of assets to beneficiaries after their passing. However, because the depth and breadth of different trust instruments are so vast, individuals must carefully structure their trusts to meet their unique needs and goals. A trust is […]

How to Help Beneficiaries Manage Financial Affairs, Thrive After a Family Member Dies By Scott Montgomery, CLU, ChFC

Posted February 15, 2022

One of the most critical yet often forgotten steps in the estate-planning process is preparing a surviving spouse to take over a family’s financial affairs. Even if you checked off all the boxes on your estate-planning to-do list, creating a will, properly titling accounts, naming beneficiaries and structuring assets for tax efficiency, your plan may […]

IRS Announces Inflation-Adjustments for 2022 Tax Rates By Scott Montgomery

Posted January 19, 2022

The inflation adjustments to various provisions of the tax code increase significantly in 2022 due, in part, to rising consumer prices and inflation over the past 12 months. It is important to consider these changes as you engage in estate planning and preparing for tax efficiency this year and in the years ahead. However, it […]

Charitable Giving Can Provide Greater Impact, Tax-Efficiency in 2021 by Eric P. Zeitlin

Posted November 10, 2021

Families rarely give to charity solely for a tax break. Still, it is not unreasonable to consider that charitable giving historically has played an important role in tax-efficient wealth and estate planning. Although fewer families have qualified to write off charitable gifts following tax reform enacted in 2017, some recent COVID-relief packages have changed the […]

4 Estate Planning Tips for Blended Families By Kathleen Marteney, CRPC®

Posted September 29, 2021

When second and third marriages result in the blending of two families, a complicated financial picture may emerge. Couples coming into a second or third marriage bring with them ex-spouses, children from previous relationships and financial responsibilities, assets and liabilities that may carry deep emotional attachments. Addressing these delicate issues from the onset will help […]

The Importance of Trusts for Families at All Income Levels By Lee F. Hediger

Posted August 26, 2021

Trusts, once thought of as vehicles reserved for the wealthy, have been garnering attention from families at all income levels. In fact, trusts are becoming as ubiquitous as wills, providing individuals with the assurances that their wishes for asset distribution and care of loved ones will be followed upon their death and done so rather […]

IRS Continues to Target Taxes on Cryptocurrency By Todd A. Moll, CFP®, CFA

Posted July 21, 2021

Investors who can stomach the wild swings of cryptocurrency’s rapid fluctuations should be forewarned: the IRS is fortifying its efforts to regulate crypto assets and enforce investor’s tax reporting and payment obligations. How investors proceed is critical. In 2014, the IRS released initial guidance on cryptocurrency, defining it as property subject to federal taxes on […]

UPDATED How Can Swap Powers Preserve Wealth for Future Generations? By Eric P. Zeitlin

Posted January 6, 2021

Swap powers within intentionally defective grantor trusts (IDGTs) are critical estate planning tools that may help you improve tax efficiency today while allowing you to preserve wealth for future generations. An IDGT is an irrevocable trust that you, the grantor, can create during life to pass assets and wealth to your named beneficiaries outside your […]

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