With new limits to tax deductions under tax reform, investors may consider lumping charitable gifts into one year to achieve a tax deduction.
Most families do not want to think about losing a loved one. But creating a checklist for family members may help them navigate a difficult situation.
The focus in estate planning has shifted to income taxes, including strategies for the step-up cost basis, a planning consideration to manage capital gains.
While progress has been made on marriage equality, same-sex couples may continue to face obstacles to saving and other financial planning issues.
Individuals can choose to make a gift while they are living, or include it in their estate plan for distribution upon death.
Estate planning remains important for investors despite changes under the new tax law.
The path to achieve many financial goals, such as estate planning, may present specific challenges for LGBT couples, particularly those who are not married.