Have you ever considered the impact of losing key personnel from your business and how such a turn of events might affect your company?
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A LOVEABLE TROUBLEMAKER Exciting dog news this March! The end of this month will mark the one-year anniversary of bringing home our Bernese puppy, Skylar.
Consistent Estate Basis Reporting Rules
On March 4, 2016, the IRS issued proposed and temporary regulations regarding the basis of property acquired from a decedent. The purpose of the regulations is to ensure that a recipient's basis in certain property acquired from a decedent is consistent with the value of the property as ultimately determined for federal estate tax purposes.
Life Changes and Your Taxes
There’s hardly an aspect of your financial situation—savings, education, real estate, investments, retirement funding, or estate planning—that isn’t influenced by taxes. Tax planning is especially important if your circumstances have changed over the past year.
A Buy-Sell Agreement Instead of Deferred Compensation?
Tax legislation passed in the mid-1990s limited annual contributions to qualified retirement plans, restricting the ability of business owners, professionals, and key highly compensated employees (HCEs) to save for retirement on a tax-favored basis.
Answers to Common Estate Planning Questions
Questions about planning your estate? We've heard them all. Here a just a few of the most common questions asked.
Tax Deductions for Donating Art
If you collect art, donating a painting, sculpture, or other object of fine art to a museum or a favorite charity can be a great way to share your passion with a wider audience, support your institution of choice, and get a break on your Federal income taxes.
A Trust Primer
A trust is designed to help individuals manage a variety of family and tax-related estate planning concerns. Here are a few ways in which trusts can be used.
Business Forum
There are many positive aspects of being part of a family business. Relative (no pun intended) job security and financial benefits are two that readily come to mind.
A Buffer for Your Estate
When it comes to estate planning, large estates often call for particularly strategic planning. One flexible and powerful tool many estate planning professionals recommend to their clients is the irrevocable life insurance trust (ILIT). But, just where does the ILIT fit into the overall estate planning process?