News & Articles

Important Tax Figures for 2019

Posted on Mon, Jan 07, 2019

The following table provides some important federal tax information for 2019, as compared with 2018. Many of the dollar amounts are unchanged and some changed only slightly due to inflation.

Read More

Tags: Tax Credit, Estate, Income Tax, Kiddie Tax, Tax Figures for 2019

Points to Consider Before Making Gifts to Children

Posted on Tue, Dec 27, 2016

In the world of college financial aid, good estate planning strategies often result in less financial aid for your child or grandchild. For instance, a strategy included in many estate plans involves making annual tax-free gifts to children. Annual gifts can be made, up to $14,000 or $28,000 if the gift is split with your spouse, to any number of individuals with no gift-tax consequences (unchanged from 2016). Once the gift is made, the assets are removed from your taxable estate and any income on the gifts is taxable to the recipient.

Read More

Tags: Gifts, Estate, Children, Financial Aid

Tax Responsibilities After Someone Dies

Posted on Mon, Dec 05, 2016

The death of a loved one is always difficult but it can be even more challenging if you are the one who must handle all the resulting tax responsibilities.

Read More

Tags: Tax, Estate, Tax Return

Master the Fundamentals of Estate Planning

Posted on Sun, Nov 16, 2014

For many people, mapping out an estate game plan is something they intend to think about later. But too often, later never comes.

Read More

Tags: EHTC Article, Estate Planning, Assets, Planning, Estate, Newsletter, Articles

Would a Revocable Trust Be Beneficial for You?

Posted on Tue, Sep 09, 2014

When developing an estate plan, a revocable trust can provide many benefits that, in most cases, significantly outweigh the cost of setting one up.

Read More

Tags: EHTC Article, Estate Planning, Estate, Newsletter, Articles, Trusts