Financial Advice for Retirement, Social Security, IRAs and Estate Planning


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How to Make Unlimited Tax-Free Gifts

Anyone can make unlimited tax-free gifts. The strategy gets wealth out of your estate, and unlike many other gifts, you can be sure of how the money will be used. The strategy of maximizing tax-free gifts is growing in popularity, especially since the change in Congress makes it unlikely that elimination of the estate tax […]


Tapping that New Real Estate Wealth

Managing the equity in appreciated homes and second homes has become a pleasant and unexpected challenge for many. Especially on the coasts, residential real estate values soared the last five years. Suddenly owners, especially long-time owners, have properties that are more valuable than they imagined. For many families, real estate wealth exceeds the value of […]


Updated Family Limited Partnerships

Soon after I updated the tax status of family limited partnerships for our July visit, the Tax Court ruled in another FLP case. The decision went against the taxpayers and again dimmed the enthusiasm of many tax advisors for FLPs. I’m not as pessimistic about the decision, but it does add some uncertainty and should […]


New Family Limited Partnership Rulings

Last year a number of estate planners worried that the IRS and the Tax Court nailed shut the door on family limited partnerships. A recent federal appeals court decision recently made clear the door still is open, and it set some guidelines for the successful use of FLPs. Family limited partnerships have been premier estate […]


Shrewd Family Gift Giving

Don’t wait until the end of the year to plan gifts to family members. Annual gifts are an important part of many estate plans, but most people don’t handle gifts the best way. Planning gifts now will increase the amount of wealth that is transferred tax-free to your heirs. The goals of gift-giving are to […]


The Overlooked Triple Tax-Saving Tactic

Estate planners agree that one of the most underused strategies is the charitable remainder trust. That might change. New trends are making CRTs more attractive. Taxpayers with appreciated property should take a fresh look at CRTs as part of their retirement and estate planning strategies. In a CRT, an individual transfers appreciated property to the […]


Plan Charitable Contributions Now

Most taxpayers don’t realize the best way to contribute to charity. They also don’t know that to get the maximum benefit they need to begin planning early in the year. Waiting until near year-end won’t get the job done. The optimal giving strategy is to donate noncash items. Many people are aware that they can […]


Family Gift Giving Essentials

Family gift giving is an important part of many estate plans. Make it an even better tool by maximizing the power of your gifts. Make New Year gifts. Most people wait until year end to make gifts. It is better to give at the start of the year. Gift taxes are based on a property’s […]

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