Darrow Wealth Management

JULY 1, 2024

The 2017 Tax Cuts and Jobs Act (TCJA) brought sweeping changes to the tax code, impacting every taxpayer and business owner. The TCJA has many provisions that are set to expire (sunset) at the end of 2025. In addition, the SALT cap, currently $10,000 per tax return (not per person) will be eliminated.

Taxes 52

Taxes Tax Planning Planning Estate Planning 52

Nerd's Eye View

DECEMBER 30, 2024

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Financial Advisor 238

Financial Advisor Insurance Tax Planning Taxes 238

Brown Advisory

APRIL 1, 2020

These planning opportunities are driven primarily by four factors: Materially lower market values for publicly traded securities, and a likely downturn in valuations of real estate and other illiquid assets. Possible future increases in income and wealth transfer taxes, including the potential reversion of certain elements of the U.S.

Strategic Planning 52

Strategic Planning Planning Marketing Marketing 52

Brown Advisory

APRIL 1, 2020

These planning opportunities are driven primarily by four factors: Materially lower market values for publicly traded securities, and a likely downturn in valuations of real estate and other illiquid assets. Possible future increases in income and wealth transfer taxes, including the potential reversion of certain elements of the U.S.

Strategic Planning 52

Strategic Planning Planning Marketing Marketing 52

Discipline Funds

DECEMBER 29, 2024

The end of the year is an ideal time to start planning for the year ahead and make sure youre on target to achieve those goals. Here’s a list of things to consider checking as we head into 2025. Good financial planning is all about asset and liability matching across time. The limit increases to $19K in 2025.

Financial Planning 64

Financial Planning Planning Asset Allocation Retirement Planning 64

Nationwide Financial

MARCH 6, 2023

Informally fund nonqualified deferred compensation plans If the business has a nonqualified deferred compensation plan for key employees, it may make sense to informally fund that plan in 2023 to ensure the company has the cash flow to meet the future obligation. A few have already been mentioned.

Tax Planning 78

Tax Planning Taxes Planning Distribution 78

Darrow Wealth Management

JANUARY 16, 2025

At a high level, if the asset is part of the decedent’s estate it’s typically eligible for a step-up. This can get very tricky so it’s important to work with the estate planning attorney settling the estate. Assets that bypass the estate through a trust or another mechanism are usually not eligible.

Assets 98

Assets Estate Planning Taxes Wealth Management 98

Harness Wealth

DECEMBER 8, 2022

If you hold private company stock with a low cost basis, you may want to consider giving that now, either directly or via a trust, to avoid any potential gift taxes or material usage of your lifetime gift exemption, which is the amount you can gift in your lifetime without incurring federal gift taxes. Estate planning.

Tax Planning 52

Tax Planning Taxes Planning Estate Planning 52

Harness Wealth

JULY 29, 2024

In this guest post, Harness Tax Advisory Council member, Griffin Bridgers, J.D., covers some of the top estate planning trends that tax advisors should be tracking during the second half of 2024. contained a number of changes relevant to estate planning. citizens and residents. citizens and residents.

Estate Planning 59

Estate Planning Taxes Planning Tax Planning 59

Harness Wealth

FEBRUARY 4, 2025

Step-Up in Basis (Estate Planning for Alternative Investments): When heirs inherit alternative investments, the cost basis is ‘stepped up’ to the fair market value at the time of the original owner’s death, eliminating any unrealized capital gains. How can I reduce taxes on my alternative investments?

Taxes 52

Taxes Investing Investments Startup 52

Harness Wealth

JUNE 23, 2023

Estate planning is a critical component of a comprehensive financial plan. Furthermore, estate planning includes aspects such as tax minimization strategies, asset protection, and charitable giving. There are many different types of trusts, each designed to address specific estate planning needs.

Estate Planning 52

Estate Planning Financial Planning Planning Financial Planner 52

Zajac Group

NOVEMBER 7, 2024

Creating wealth that can provide financial security for generations to come is an incredible feat, and it requires careful planning, consideration, and communication among family members. Let’s take a look at the tax impact and other considerations of each. million before triggering federal estate taxes).

Planning 52

Planning Estate Planning Taxes Assets 52

Darrow Wealth Management

MAY 6, 2025

Important Consideration: Due to the complexity of the rules and nuances, it is crucial to discuss your specific situation with a financial advisor, estate planning attorney, and tax professional. If you need the cash flow and there aren’t any other inherited assets, then this type of income tax planning may be moot.

Distribution 56

Distribution Accounting Tax Planning Taxes 56

Carson Wealth

FEBRUARY 29, 2024

It’s a simple, human act – one that seems like it shouldn’t take too much planning to do it correctly. But when does gifting become a tax issue? What do you need to consider about gifting as it relates to your overall estate plan? Taxes on Giving??? Why do you have to pay taxes on money you’re giving away?

Financial Planning 96

Financial Planning Taxes Planning Estate Planning 96

Harness Wealth

JANUARY 28, 2025

In this guide, we’ll explore the key tax changes in effect for 2025, how theyll influence your filing status, retirement savings, investment, and estate planningand offer strategic advice to help high-income and high-net-worth individuals prepare more effectively for upcoming coming tax changes. That said, U.S.

Taxes 52

Taxes Planning Retirement Accounting 52

Harness Wealth

JANUARY 17, 2025

Some platforms, such as Harness, maintain networks of vetted tax advisors with expertise in a variety of fields, making it easy to get introduced to specialists when needs arise. Some tax advisors specialize in tax planning, while others may concentrate on auditing, financial consulting, or simply annual tax filing.

Taxes 52

Taxes Certification Ethics Communication 52