What Not to Leave Behind: Massive Piles of Paper
Recently, a client of mine described having to go through about 30 years of their father’s financial records after he had passed away. Needless to say, that’s not an easy task, especially when you’re not entirely sure what to look for, what to keep, and what to…
2013 Estate Tax Law: First Look at the American Taxpayer Relief Act
Happy New Year! As you have no doubt heard, on January 1, 2013, Congress passed a compromise bill to avoid the ‘fiscal cliff.’ Here’s what that bill does with respect to the estate and gift tax, as currently reported: 1) It raises the maximum estate tax rate to forty…
Gift and Estate Tax Benefits of a 529 Plan
Many of our clients are the planning types. They’re not just creating an estate plan with us. They’re also making a financial plan. And one key aspect of that plan is saving for college. One popular choice for this are 529 plans, named after the section of the tax code that…
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