With over 600,000 people dead from CoVID related issues, having an estate plan is more important than ever. While most people have heard of wills and trusts, very few really understand the difference. And, very few understand the importance of having them. It's...
Contemplating forming a Non Profit organization or a Non Profit foundation? Considering qualifying as a 501(c)3 charity? 501 (c)4? 501(c)5? 501(c)6? 501(c)7? Other 501(c)? Not sure about the requirements? Let’s explore a few steps you need to take and a few resources...
Non Taxable Gifts not Included in Your Taxable Estate In this current political climate, it’s easy to be frightened away from making Non Taxable Gifts or tax-free gifts, medical payments, and educational gifts to or for the benefit of your loved ones. Make Annual...
6 Essential Documents Every Unmarried Couple Needs Having an estate plan is important for everyone, but it’s indispensable for unmarried partners. Suppose you’re in a committed, long-term relationship and become incapacitated or even pass away. In that case, most...
Are your estate documents stale? Are they still protecting you? Estate Documents and Income Tax?Make sure your estate documents are current. With the growing estate tax exclusion amount, this tax has been effectively repealed for about 99.8% of the country. ...
Is it safe? The FTC’s Consumer Protection Data Spotlight says that “gift card fraud” has topped the list since 2018 as the number one way people lose money to fraud. It may not be happening the way you think it is, though. Scammers are reaching out via phone...
The importance of registering your trademarks cannot be overstated. At a minimum, file an Intent to Use application, if you intend to use the trademark. But you should definitely file for trademark protection the moment you start to use your mark. Why? Because if you...
Annuity Tax Rules Have Never Been Better. Nonqualified deferred annuities (NQDAs) are an important financial tool for many clients. That being said, they do not offer the same tax-free death benefits as life insurance. Nor do they offer the tax-advantaged...
Health Savings Accounts (HSA): Many of my clients struggle with the high cost of health insurance coverage, particularly those who are still working full time. Comprehensive health insurance, whether purchased individually or provided in part in...