In an effort to help you understand the new tax law, we have been highlighting the key parts now in effect for the 2018 tax year. As we explained last week, the threshold to itemize has been raised as a result of the increase in the standard deduction to $12,000 for...
Retirement and aging brings many questions to the table. One of the biggest concerns is whether keeping the family home with all the maintenance and upkeep will be the best place for our golden years and whether our healthcare providers will be readily accessible when...
Where will it fall out for you? This a brief summary of many proposed House tax provisions that could likely affect most of our clients. 12% of our clients worry about the impact of government on their lives. Revision of the tax code is a perfect example! If you...
Many of our clients are quite interested in the benefits of inherited IRA’s. The attached article by Phil Levin, a noted Estate Planning expert in the area, discusses a “gotcha” which would negate the future deferral of taxes for an inherited IRA in the eyes of the...
As I was sitting down to write a blog post about year-end tax planning, specifically about realizing capital gains and tax-loss harvesting, Michael Kitce’s blog post arrived in my inbox. A friend of NAPFA, Michael has a much more eloquent style of writing about...
If you created your estate plan more than five years ago (and especially if more than 10 years ago), it might be time to peak at the documents, especially if you created a bypass trust otherwise known as a credit shelter trust, according to Phil Levin, a Radnor based...
