1. How Do Trusts Help You Save on Taxes?

    Many people come to us curious (or confused) about trusts and taxes. So today’s article is going to sort it out and clarify things for you. Different types of trusts have different tax consequences.     REVOCABLE TRUSTS Revocable trusts, which are the far more commonly used trusts, have no tax consequences whatsoever. A revocable trust has your social security number a…Read More

  2. Setting Every Community Up For Retirement Part II

    The SECURE Act’s Impact On Estate and Retirement Planning In the first part of this series, we discussed the potential ramifications the SECURE ACT has for your estate and retirement planning. Here, we’ll look more deeply into additional strategies you may want to consider in light of the new legislation. (Part I of this article) On January 1, 2020, the Setting Every C…Read More

  3. Tax Consequences of Divorce

    The Tax Cut & Jobs Act Drastically Alters the Tax Consequences of Divorce The Tax Cuts & Jobs Act (TCJA) made sweeping changes to exemptions, deductions, and credits for your family’s federal income taxes. But one major change that you might not have noticed is the way the law altered the potential tax consequences of divorce. Unlike child support, alimony paymen…Read More

  4. The Clintons

    Bill & Hillary Clinton What You Can Learn from the Clintons’ Tax Returns What can you learn from reviewing the Bill and Hillary Clinton’s tax returns, which they released during Hillary’s run for the presidency, about how to save money on your own taxes? First and foremost, plan ahead and plan well, and this is the time of year to do it, especially if you are sel…Read More