If your estate is likely to grow to taxable levels, everything over the exemption amount could be taxed at rates of about 40% for taxable estates over $500,000. Get a competent estate plan review while there’s still time.
Living trusts can help avoid guardianships. Guardianships happen if you can’t manage your affairs, and there is no legal mechanism in place to empower someone to take over.
The death of a spouse, besides being emotionally devastating for the surviving spouse and family members, can prompt many troubling financial questions.
Tax policy is a political football, the right vs. left game is on with a vehemence perhaps not seen since the old New Deal was young, and, if nothing else, we are blessed to be living in truly exciting times.
Personal property items can pose an added layer of estate planning complexity, for several major reasons…
Tony Soprano’s consigliere’s woeful counsel’s quote about real estate taxes, that “you gotta pay those,” implies far more elasticity in the income tax burden, for those in the know, than the property tax one.
Jeff was recently interviewed by Barron’s, this time about advisor professionalism, poor training, and malpractice issues, which are a focus of his ongoing scholarly research.
Our mission and values are best expressed by Camarda’s Constitution, which defines three priorities, with clients first:
Taxes are always complicated, and doubly so now that Tax Reform has set in.
Virtually every senior faces the risk that they or their spouse may have cognitive issues and not be able to manage their affairs or make prudent financial decisions.
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