estate planning
Top Ten Real Estate Tax Breaks
Here’s a look at the Top 10 Real Estate Tax Breaks for the homeowner/investor. Real Estate Tips 1-3 1. Mortgage Loan Interest: Deductions reduce your taxable income against which your taxes due are calculated.2. Home Improvement Loan Interest: You can deduct all the interest on a home improvement loan provided the work is a “capital improvement”…
Read MoreEstate Planning is Not “One Size Fits All”
Estate Planning is Not “One Size Fits All” Married, never married, widowed, divorced—each of us has unique needs when it comes to how and to whom we make our bequests. Here, in a brief discussion, are a few checkpoints for developing an estate planning strategy for people who are on their own. Review your will…
Read MoreBuilding an Estate Planning Team
Building an Estate Planning Team To create an estate plan that serves your unique needs and that will execute your wishes as to the distribution of your assets is an important and, often, a complex task. Such professionals usually have honed their skills in their own specific fields. Sound estate planning is built upon a…
Read MoreThe Importance of Life Insurance in Estate Planning
Life Insurance for Estate Planning As part of the estate planning process, you may talk to any number of advisors—from lawyers, accountants and trust officers, to financial and retirement planners. These advisors often provide not only valuable services, but also may be in the business of selling investments, annuities and insurance. You will need to…
Read MoreAttorneys for the Rich Anxiously Await Trump’s Plan for Estate Tax
Chances are most people will never have to worry about paying a federal estate tax, since the value of most people’s estates don’t exceed $5.34 million. However, if president Trump has his way, not even the very few taxpayers that would have otherwise been affected by this law, will have to worry about it…
Read MoreEstate Planning for High Net Worth Foreigners
Estate Planning for High Net Worth Foreigners While the U.S. is considered by many to be a place where the wealthy move their money away from, there are also many wealthy people from other countries who are moving more of their money into our country. So what’s behind this big increase of foreigners shipping…
Read MoreWhat Steps Lead to an Effective Estate Plan?
Do you have an estate plan? A lot of people don’t, for a lot of different reasons. Some people would rather not discuss their death under any circumstances, other people think they are too young to worry about an estate plan, while others just don’t know, or aren’t, sure where to begin. However, it’s a…
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