Building a spousal lifetime access trust

Building a spousal lifetime access trust

Let’s discuss Spousal Lifetime Access Trusts, otherwise known as SLATs. Establishing one can be complex and designing one to meet your particular needs will most certainly require an estate planning expert, but doing so could be quite beneficial for your financial...
Year-end tax planning tips

Year-end tax planning tips

The COVID-19 pandemic has changed the world and had an enormous financial impact, on both small and large businesses across the U.S. Financial experts agree, year-end tax planning is especially critical this year, as the disruption of the virus has led to a number of...
Divorce and Taxes

Divorce and Taxes

The Tax Cuts and Jobs Act of 2018 has a number of important implications for those who are newly divorced, separated or in the process of divorcing. Perhaps the most critical change for those in that situation is that alimony payments are no longer deductible and...
Tax reform considerations

Tax reform considerations

When the Tax Cuts and Job Act (TCJA) became law in 2017, the United States tax code significantly changed.  Those changes, from deductions and accounting methods, to succession planning opportunities, have important implications for many taxpayers. Additionally, TCJA...
2018 Tax Withholding

2018 Tax Withholding

It is always a good idea to examine your tax exposure once per year as you complete your taxes. Changes to the tax law for 2018 have prompted many taxpayers to ask,  “Am I having enough money taken out of my paycheck?”  Now is the time to examine your tax withholding....