Gifting as an Estate Planning Tool: What You Need to Know

For many people, passing on money and property to their loved ones happens after they die. However, if you have a sizable estate, you may not want to wait until then to give your heirs their full inheritance. Under current federal law, individual estates valued above $10 million or $20 million per couple (indexed for […]

Estate Planning Tips for New Parents

Before you had your child, you only had to think about inheritance for your partner (and maybe your siblings or cousins). As self-sufficient adults, your heirs would be financially OK if you died tomorrow and left them whatever was in your estate. More importantly, they’d understand what to do with those assets and how to […]

Explore the Tax-Saving Strategy of Lifetime Giving

Giving money or assets to your loved ones during your lifetime rather than having them wait until after your death to collect, is defined as lifetime giving. It is an estate-planning strategy used to reduce estate taxes by spreading gifts throughout your lifetime using certain exemptions created by the federal gift tax laws in the […]

Don’t Let Errors Derail Your Retirement Income Plan

When people talk about retirement income planning, they are most often referring to the assets they have in their IRA and 401(k) plans, and how they will withdraw that money, transfer it, or move it from place to place. What they need to be careful of, however, is doing it properly. If done incorrectly, it […]