Estate Planning Secrets: How To Avoid ProbateProbate is known for being an unnecessarily complicated and lengthy procedure. Even when the estate being probated is fairly simple and straightforward, proceedings can go on for some time, depending on different factors. With larger estates or those …
STOP NAMING TRUSTS AS IRA BENEFICIARIES!
STOP NAMING TRUSTS AS IRA BENEFICIARIES!Yes, trusts can play an instrumental role in estate planning. Yes, special needs trusts are invaluable to those with disabled or chronically ill family members. Trusts are essential for minors and for those who may struggle with managing money. Trusts also …
5 Key Ways to Reduce Taxes in Retirement
5 Key Ways to Reduce Taxes in RetirementAdvising your clients on the best path to retirement is a significant part of financial planning. But offering strategies to help reduce their taxes during retirement is equally valuable, as taxes can take a bite out of your client’s retirement income.Here are …
Need A Loan? Tax Rules Now Let You Borrow From Family At Ultra Low Interest Rates
Need A Loan? Tax Rules Now Let You Borrow From Family At Ultra Low Interest RatesDesperate small business owners seeking cash to keep their businesses alive during the coronavirus pandemic are turning to their families for loans. The loans, with ultra low interest rates are a lifeline. “People are …
8 tax moves for 2020 to make now
8 tax moves for 2020 to make nowThe COVID-19 pandemic has impacted everything, including your taxes.Key takeawaysa. Your income tax obligation could be different this year if your income went up or down significantly.b. There are steps to take now to figure out how much you might owe, so you can try …