October 15, 2013 |
Income Tax Planning While Planning Your Estate
Now that the American Taxpayer Relief Act of 2012 has bumped the federal estate tax exemption up to $5.25 million, a recent article explains that ...
Learn MoreIncome Tax Planning While Planning Your Estate
Now that the American Taxpayer Relief Act of 2012 has bumped the federal estate tax exemption up to $5.25 million, a recent article explains that many individuals are now turning their energy to estate planning maneuvers that will reduce their income tax bills.
Most income tax planning strategies are aimed at individuals who have a high net worth, yet do not anticipate their estate to be valued at or above $5.25 million upon their death. One popular strategy is making a loan to a family member or friend in a lower tax bracket at a low interest rate. The borrower can invest the money and take out the dividends, interest, and capital gains. Eventually the borrower will pay the loan back and the lender will have his or her money back so he or she can pay for retirement or medical expenses.
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Blog
October 10, 2013 |
Minding Mom & Pop’s Shop: Five Steps to the Succession of Your Family Business
Succession planning for a family business is often no easy task. Recently, an article in Forbes outlined the five necessary steps for a viable succession ...
Learn MoreOctober 9, 2013 |
What Goes in the Bucket? (i.e. What Can I Use to Fund My Trust?)
Aside from an individual’s Last Will and Testament, a trust is probably the most popular estate planning tool. Trusts, which come in various forms, are ...
Learn MoreOctober 8, 2013 |
Safeguard Your Wealth for Retirement
It is never too early to start planning for a long and comfortable retirement. A major part of retirement planning is safeguarding assets from the ...
Learn MoreOctober 3, 2013 |
Planning With a Baby on Board
The birth or adoption of a new child is a frenzied and joyous time in the parents’ lives. Understandably, estate planning is often the last ...
Learn MoreOctober 2, 2013 |
ALERT: New Rules for Reverse Mortgages
As the costs of long-term care continue to rise, more and more elderly Americans are turning to reverse mortgages in order to fund these costs. ...
Learn MoreOctober 1, 2013 |
Wait, I Did What?!?! Are You Second-Guessing Your ILIT?
Many Americans let out a sigh of relief when the American Taxpayer Relief Act of 2012 was finally signed into law. The signing of the ...
Learn MoreSeptember 26, 2013 |
Plan to Avoid Inheritance Tax
Although taxes may be one of the items furthest from an individual’s mind when a close friend or family member passes away, a large amount ...
Learn MoreSeptember 25, 2013 |
The Phases of Retirement
Too many individuals find themselves altogether unprepared for retirement. The difficulties that this unpreparedness creates are compounded by the fact that, with longer life expectancies, ...
Learn MoreSeptember 24, 2013 |
Considerations for Charitable Giving
The United States is home to thousands of charitable organizations that benefit everything from diabetes research to stray cats. These charities provide unlimited opportunities for ...
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<p>The post The Power of Gifting: A Smart Strategy for Estate, Tax, and Financial Planning first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>
