Personal Planning Ideas
The Incredible Shrinking Estate Tax
When the estate tax credit was raised in 2013, sheltering estates up the $5 million, it was estimated that only about 4,000 estates per year would be subject to the tax . . . more
Standard Deductions Take Giant Leap
As a result of increased standard deduction amounts for 2018, only about 5% of taxpayers will likely itemize in future years — down from about 30% in prior years . . . more
Think Twice Before . . .
Making withdrawals from your IRA — You’ll owe income tax on the amount withdrawn (unless it’s a qualified distribution from a Roth IRA) and possibly a 10% early withdrawal penalty if you’re under age 59½ . . . more
Start 2018 on the Right Foot
The tax landscape has changed dramatically for 2018. To make the most of the changes — and avoid missteps — take time early in the year to review your tax situation . . . more
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December 2017 Archive
• Everyone Still Needs Estate Planning
• Too Young for Estate Planning?
• Extraordinary Ideas for Estate Gifts
• IRS Announces Cost-of-Living Adjustments for 2018
November 2017 Archive
• Clock Is Ticking
• The Importance of Health Care Directives
• Two Year–End Gifts to Consider
• The Uncertainty of Estate Taxes
October 2017 Archive
• Being Prepared Means More than Just Batteries and Water
• Retiring in 2018? Take These Steps First
• Beneficiary Designations and Joint Property
• A Deduction for Doing Nothing
September 2017 Archive
• Don't Shortchange the IRS
• Special Planning for Special Needs
• Whose Property Is It? Only Title Will Tell
• A Place for Bonds in Your Portfolio
August 2017 Archive
• Practical Uses for Irrevocable Trusts
• Home Sweet Home: Where’s Yours?
• What a Problem to Have!
• The Best Things in Life Are “Free”
July 2017 Archive
• Gift Ideas That Aren’t Written in Stone
• Retirement Plans 101
• Starting Grandkids Out Right Financially
• No Comparison to Having an Estate Plan
The materials contained on this website are intended only to show some ways by which you can make a charitable gift or bequest and thereby minimize federal tax liabilities, as authorized by the Internal Revenue Code. All examples are of a general nature only and should not be applied to your specific situation without first consulting your attorney or other advisers.