Direct Payments of Tuition and Medical Expenses Reduce Gift and Estate Tax Exposure

Now that the gift and estate tax exemption has risen to $11.7 million for 2021, you may be less concerned about these taxes. But if you have children or grandchildren in college or with medical expenses, you may want to take advantage of the exemption for direct payments of tuition

2021-04-12T14:53:27-06:00January 19th, 2021|

2020-2021 Online Tax Planning Guide

Although you can’t avoid taxes, you can take steps to minimize them. This requires proactive tax planning — estimating your tax liability, looking for ways to reduce it and taking timely action. To help you identify strategies that might work for you in 2020, check out our Online Tax Planning

2021-04-12T14:53:29-06:00December 1st, 2020|

Add Spendthrift Language to Your Trust

Protecting assets from creditors is a critical aspect of estate planning, but you need to think about more than just your own creditors. You also need to consider your heirs’ creditors. Adding spendthrift language to a trust benefiting your heirs can help safeguard assets. Spendthrift language explained Despite its name,

2021-04-12T14:55:28-06:00May 1st, 2019|

Donating Valuable Art

Charitable giving is a key part of estate planning for many people. If you have a collection of valuable art and are charitably minded, consider donating one or more pieces to receive tax deductions. Generally, it’s advantageous to donate appreciated property to avoid capital gains taxes. Because the top federal

2021-04-12T14:55:28-06:00May 1st, 2019|

Properly Fund Your Revocable Trust

If your estate plan includes a revocable trust — also known as a “living” trust — it’s critical to ensure that the trust is properly funded. Revocable trusts offer significant benefits, including asset management (in the event you become incapacitated) and probate avoidance. But these benefits aren’t available if you

2021-04-12T14:55:28-06:00May 1st, 2019|
Go to Top