by Brian Hare, CPA, CGMA | Jun 6, 2018 | Estate Planning
Do you make sizable gifts to charitable causes? If you’re fortunate enough to afford it, you can realize personal gratification from your generosity and may be able to claim a deduction on your tax return. But once you turn over the money or assets, you generally have...
by Brian Hare, CPA, CGMA | Apr 20, 2018 | Estate Planning
Today, it’s not unusual for a family to include children from prior marriages. These “blended” families can create estate planning complications that may lead to challenges in the courts after your death. Fortunately, you can reduce the chances of family squabbles by...
by Brian Hare, CPA, CGMA | Feb 9, 2018 | Estate Planning, Tax
For years, life insurance has played a critical role in estate planning, providing a source of liquidity to pay estate taxes and other expenses. It’s been particularly valuable for business owners, whose families might not have the liquid assets they need to pay...
by Brian Hare, CPA, CGMA | Feb 9, 2018 | Estate Planning, Tax
The Tax Cuts and Jobs Act has doubled the federal gift and estate tax exemption, with inflation-adjustments projected to raise it to $11.18 million for 2018.This means federal estate taxes are a concern for fewer families, at least in the short term. (The doubled...
by Brian Hare, CPA, CGMA | Jan 8, 2018 | Business
Most estate plans focus on what happens after you die. But without arrangements for what will happen in the event you become mentally incapacitated, your plan is incomplete. If an accident, illness or other circumstances render you unable to make financial or health...
