The federal gift and estate tax exclusion is currently very high; in 2020, the amount equals $11.58 million for an individual and $23.16 million for a married couple. At this level, only very wealthy people need to be concerned about taxes at the federal level. This may change in 2026, when the increased exclusion amount […]
Read More
If you make a donation to a public charity, you are not limited to donating cash. Depending upon your finances and personal goals, you may be able to donate different types of accounts or pieces of property to the charity instead. Cash The fastest and easiest way to make a financial impact for your favorite […]
Read More
What Impact Will It Have On You and the Beneficiaries of Your Retirement Accounts Post Your Death? On December 20, 2019, President Trump signed the Setting Every Community Up for Retirement Enhancement Act (the SECURE Act), effective January 1, 2020. The SECURE Act contains, by far, the most significant changes to retirement planning in a […]
Read More