Why unmarried couples need proactive financial planning
The number of unmarried partner households is on the rise and these couple face some unique financial planning challenges.
Tag: irrevocable trust
Four estate planning ideas for 2022
Consider these estate planning ideas this year that may help lessen the tax burden in the future.
Trends in living arrangements require a fresh look at planning
Because marital status plays a prominent role in financial rules, living arrangements such as non-traditional households may result in planning challenges.
Can decanting add flexibility to estate planning?
When the tax landscape is unclear, flexibility can be important. For investors with irrevocable trusts, some states give trustees more flexibility with decanting.
Five tax-smart planning strategies for 2016
A new year brings opportunity to review tax planning strategies.
Consider trusts for asset protection
Investors often think of trusts as a way to transfer wealth or avoid probate. But certain trusts can be used for asset protection.
Five tax-efficient strategies for 2015
With tax reform proposals from the White House and the new Congress likely to spark debate, any potential tax code changes will face close scrutiny. Today, tax-efficient planning strategies take on heightened importance. When planning in 2015, consider these five strategies that may help investors mitigate their tax bills. 1. Invest in municipal bonds to
Tax-smart planning ideas for 2014
With the introduction of higher tax rates for some taxpayers in 2013 and ongoing tax-reform debate in Washington, it is essential for any comprehensive financial plan to include tax smart planning strategies. Specific income thresholds will trigger the new 3.8% Medicare surtax, income phase-out of itemized deductions, or the highest marginal tax rate. These five