$11 Million Reasons to Review Your Estate Planning

It’s important to keep our estate plans current. Experiencing a major life event, like a birth or death, may affect some or all of your estate planning documents. When laws change, your plans may need some attention also. The tax reform that became law in December 2017 will probably affect your income tax strategies. Deductions you once counted on may have been eliminated, decreased, or increased. It also affects Read More

The Effect of Proposed Tax Reform on Your Estate

American taxpayers have made one message clear: it’s time for tax reform. Congress and President Trump’s rhetoric have raised hope that relief is on the way. But it also leaves taxpayers wondering what effect the proposed tax reform will have on estate planning. Tax Reform When most people think of tax reform, they think of lowering income taxes. In fact, President Trump campaigned on tax reform that would lower Read More

How to Legally Reduce Your Estate Taxes Through Gift-Giving

We often give presents to celebrate a special event or please a significant other. Sometimes gifts serve a specific purpose, like lowering your potential estate tax burden. Let’s look at some ways to legally reduce your taxes through gift-giving. First, it’s important to understand how estate taxes are calculated. Florida does not have an inheritance or estate tax. However, the federal government collects tax Read More