by Brian Hare, CPA, CGMA | Jan 8, 2018 | Tax
The Tax Cuts and Jobs Act of 2017 (TCJA) is a sweeping revision of the tax code that alters federal law affecting individuals, businesses and estates. Focusing specifically on estate tax law, the TCJA doesn’t repeal the federal gift and estate tax. It does, however,...
by Brian Hare, CPA, CGMA | Jan 8, 2018 | Tax
A living trust is a cornerstone of many estate plans. During your life, you can serve as the trustee and manage the assets just as you would if you owned them outright. However, you must choose a trustee to oversee and administer the trust after your death (and during...
by Brian Hare, CPA, CGMA | Dec 4, 2017 | Estate Planning
As Congress and President Trump pursue their stated goal of passing sweeping new tax legislation before the end of the year, many taxpayers are wondering how proposed tax reform will affect estate planning; specifically, the future of gift, estate and...
by Brian Hare, CPA, CGMA | Dec 4, 2017 | Estate Planning
When you draft an estate plan, the centerpiece is your will or living trust. Such a document determines who gets what, where, when and how, as well as tying up the loose ends of your estate. A valid will or living trust can be supplemented by other legally binding...
by Brian Hare, CPA, CGMA | Oct 13, 2017 | Business
If your estate plan includes a revocable trust — also known as a “living” trust — it’s critical to ensure that the trust is properly funded. Revocable trusts offer significant benefits, including asset management (in the event you become incapacitated) and probate...
