Does Potential IRS Change Have an Impact on Estate Plan? – Annapolis and Towson Estate Planning
The IRS is weighing a change that could leave your heirs poorer than you might hope.
Addressing Vacation Home in Another State in Estate Planning – Annapolis and Towson Estate Planning
So why should you consider a more comprehensive plan than just leaving an out-of-state vacation home in your will?
Is Your Estate Plan Ready for Tax Changes? – Annapolis and Towson Estate Planning
There are useful estate planning vehicles that take advantage of current historically high federal exemptions, while providing flexibility to adapt and modify those plans based upon future events or tax law changes.
How Do IRAs and 401(k)s Fit into Estate Planning? – Annapolis and Towson Estate Planning
Investing for retirement is one of the most important steps you can take toward building a secure financial future for you and your family. The sooner you can start, the better. Contributing to a retirement account can help you work toward your goals and may provide tax advantages to boost your progress.
Should I have a Charitable Trust in My Estate Plan? – Annapolis and Towson Estate Planning
A charitable trust allows you to donate assets to a chosen tax-exempt charitable organization or nonprofit and comes with certain tax benefits to help you minimize what you might owe to the government.
Can Estate Planning Reduce Taxes? – Annapolis and Towson Estate Planning
Once more hesitant to plan ahead, clients in today’s environment are much more proactive and willing to take action in the near term, rather than waiting and risking having to pay higher taxes down the line.
Will My Social Security Benefits Be Taxed? – Annapolis and Towson Estate Planning
Uncle Sam is not the only one looking for a piece of your retirement income. Is your state on this list?
What to Do with an Inherited IRA? – Annapolis and Towson Estate Planning
Some inherited assets are tax-friendly, but under new rules, others come with a hefty tax bill. We help you get the most out of a legacy.
How Much can You Inherit and Not Pay Taxes? – Annapolis and Towson Estate Planning
Unless you spend your winters in Aspen and your summers in the Hamptons, you probably don’t have to worry about paying federal estate taxes on an inheritance. In 2021, the federal estate tax doesn’t kick in unless an estate exceeds $11.7 million.
How Can I Pass Wealth to My Children and Grandchildren? – Annapolis and Towson Estate Planning
Inherited assets come with benefits, along with some burdens