When preparing your will, it is crucial to have a basic understanding of many different and essential topics. One of them is the estate tax. For many people planning their estates, taxes are a significant factor in the structures and provisions they include when drafting their will and other documents. If your estate is not planned in a way that will decrease the […]
You have probably heard the old adage that nothing is certain in life except for death and taxes. Unfortunately, death also creates a tax liability on your estate. Understanding estate tax, how it is calculated, and strategies that can help you reduce your tax payments is imperative. By using these strategies, you can pass on more of your wealth to your […]
Charitable trusts are beneficial not just because they allow you to make generous contributions to charity but also because they give you and your heirs a substantial tax break. With a charitable trust, you can help a cause you or your family members feel impassioned about and receive tax relief in the process. As generous or as […]
When most people think of charity and fundraising, they think of public efforts such as a GoFundMe to account for a tragic loss of a loved one or a car wash for the high school volleyball team. They may also think of public entities like the Make-A-Wish Foundation and The Susan G. Komen Foundation. However, charitable giving can also be […]
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