Inherited a Retirement Account? Here’s What to Do

Receiving an Inheritance

The inheritance of a loved one’s retirement account is quite common. As an estate planning lawyer, my experience has taught me some lessons that can help anyone wondering what step to take next. Much depends on your unique situation–the tax code has a diverse...

Two Important Tax Strategies Business Owners Need to Use Now

Business Taxes

Small business owners often put off completing and gathering their financial records for the tax year until March or April rolls around, but doing that closes the door for the business to strategically adjust its annual taxable profit. Here are two items that small...

6 Tax Questions Every Individual Should Ask Before Year-End

Tax Planning

We know your “to-do” list seems to grow longer during this time of year, but it is incomplete until you get clear about the answers to these six tax questions before the end of the year: Should I defer or accelerate income?  If you anticipate being in a higher...

10 Tips for Maximizing Your Holiday Charitable Giving

Charitable Planning

Americans donated more than $316 billion to charity last year, according to a recent Forbes article, and most of those donations came from individuals.  Holidays are the time when most people do their charitable giving, and it’s also the time when people...

5 Reasons Why an Irrevocable Trust May be Right for You

Irrevocable Trusts

Since the federal estate tax exemption became over $10 million per person, and that exemption will be around through 2025, some people are regretting their choice to do estate planning using an irrevocable trust. For those who now have no purpose to have an...