The future increase in estate taxes could cause problems for your inheritance and retirement income down the road. To protect yourself from heavy taxation, know what tax laws are changing, be proactive in your retirement planning, and look at perusing difference inheritance strategies such as gifting and life insurance.
Unresolved questions about the future of estate tax rates, exemptions, and the tax basis of assets can make estate planning challenging.
This quiz is designed to stimulate your thinking about estate planning issues that may need your attention.
Most estate planning professionals view the irrevocable life insurance trust (ILIT)as one of the most flexible and powerful tools they can put to work on behalf of their business clients.
Most business owners work long and hard to build their business and want to do all they can to help protect their heirs from a heavy estate tax burden.
Income tax laws are complex. Yet, many individuals do their own income tax returns. However, if your finances have become more complicated, hiring a professional might be less stressful.
AMT may be affecting more and more middle-income taxpayers, but until Congress takes legislative action, your chances of paying the AMT may keep increasing.
A lot of tax policy has changed from previous years, so you would be well-served by taking these tax-planning steps right now.
The deductions individual business owners can take advantage of and the value of these tax breaks will vary considerably depending on the nature of their business activities, their income levels, and other factors that they may be able to adjust to maximize their tax benefits.
When planning for retirement, most Americans think mainly about using tax-advantaged savings vehicles like 401(k) or individual retirement accounts, while failing to consider the triple tax advantages associated with saving for future health care costs using a health savings account, or HSA.
