We often think of retirement accounts as monolithic resources. It is easy to see why. We spend years socking away money for the future. Unfortunately, however, the rising cost of healthcare threatens to deplete even the largest retirement account. Because retirement funds make up the largest assets in a person’s estate, proper planning is crucial […]
Category Archives: Taxes
Part 2 in a 2-Part Series Last year (at the end of 2018), we wrote about how to reduce the Taxable Income of Irrevocable Trusts. Click here to reference that blog. This week, we conclude our two-part series by discussing other strategies you may wish to employ before seeing your accountant in 2019. Under federal […]
Part 1 in a 2-Part Series about Tax Savings Now is the time to begin looking at ways to minimize your 2018 income tax bill. This blog post, which is the first of a two-part series, outlines several strategies to consider before the end of the year. Granted, this is a lot of tax talk. […]
Estate Planning, Glendora, Life Changes, Retirement, Taxes, Trusts
End the Year Trust-Based Estate Planning
14
Dec
Dec
Trust-Based Estate Planning As you know, tax returns for 2017 were due on October 15, 2018. The end of the year is quickly approaching. So, maybe you’re ahead of the game and have already started gathering data to file for 2018? But if you live in the real world like the rest of us, you […]
Election Results, Estate Planning, Inheritance, Life Changes, Taxes
What do the 2018 Midterm Elections Mean for Your Estate Plan?
09
Nov
Nov
Estate planning is an ongoing process instead of a one-time transaction. In the same way you never stop budgeting, saving, and investing in life, estate planning is a lifelong endeavor. Let’s look at some of the considerations you should make now that the 2018 midterm elections are over. Planning in a Fluctuating Political Climate
24
Oct
Oct
Believe it or not, the end of the year is rapidly approaching. So, now is the time to take a moment and start preparing your year-end tax planning for 2018. This is extra important this tax year because of the changes to the tax law which became effective in 2018. As a result, your taxes […]