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Plan ahead. Planning for deductions helps you understand how much you should withhold and where you should be allocating After you get your tax refund, talk with your financial planning team to establish priorities. It deserves mindful financial planning. #PlanningfortheFuture #TaxPlanning

You still need an estate plan,” they took luxury cruises around the world and family outings to strip but everyone needs a plan, even those with social problems, financial problems and marital problems. the government and taxes. Estate planning doesn’t have to be complex or expensive. Estate planning is sometimes 95% social work and 5% legal, some attorneys say.

uber-wealthy business owners, their life insurance wasn’t effectively integrated with their estate plans in irrevocable trusts, then the proceeds are included in the estate values and are subject to estate taxes Don’t forget to speak with your estate planning attorney to make sure that the insurance you have is

ThinkAdvisor’s article, “New Estate Planning Strategies for a Post-Portability World,” says that there may be many folks who’ve continued to rely upon their outdated, pre-2013 estate plans. Reviewing a pre-2013 estate plan may be really beneficial for higher-income individuals. Regardless, consult a qualified estate planning attorney to help you select the most appropriate strategy Reference : ThinkAdvisor (June 7, 2016) “New Estate Planning Strategies for a Post-Portability World”

,” asks whether using a will for business succession may have estate tax consequences. That tax might have been substantially reduced or eliminated with good estate planning by parents who The federal estate tax exemption is $5.45 million per person this year, plus any state exemption amount That means if the business is generating some decent revenue, there’s a good possibility that estate taxes Parents, speak with a qualified estate planning attorney to assist with wise succession planning.

Financial planning issues, however, can vary according to age. financial planning guide for different stages of life and the transitions faced along the way. Plan on at least 15% of income to be set aside for retirement—25% would be better. Taxes are also a critical planning element, such as for funds withdrawn from traditional IRAs. #SocialSecurity #PlanningfortheFuture #HoustonTaxPlanning #Medicare

The only constant in estate planning is change. Your plan administrator or financial advisor can help you understand how such changes may impact your plan. What This Means for Your Estate Plans There has never been a better time to make additional gifts in Update Your Estate Plans Now Making sense of estate planning laws often requires professional help.

you have some ideas as to where your assets should go, it’s worth the time and effort to develop a plan You should also be aware of any state estate or inheritance tax. estate tax). That’s where an estate planning attorney can really help you. There are important federal estate tax considerations.

The Sabetha (KS) Herald’s article, “Estate planning for intellectual property,” suggests that, initially In addition, the valuation of intellectual property is a challenge for estate planning. Proper estate planning is critical to make certain that the decedent’s wishes are carried out. Estate planning for intangible assets like intellectual property has many complicated considerations. Make sure to speak with a qualified estate planning attorney to help ensure the ultimate distribution

But after investing and saving with one of these plans for the last 30 years, as retirement nears you MarketWatch, in its recent article, “IRAs are for retirement planning, not for retirement,” suggests If you’re between the ages of 59 and 70½, you are at the perfect spot to start an IRA Exit Plan. Talk with a qualified estate planning attorney when designating your primary, contingent, and tertiary This inability to change ownership of your IRA can lead to gaps in planning for Medicaid and Veteran

Consider the following estate planning factors to ensure that does not happen: Gift Tax Exclusion Many Business Succession Plans Succession planning has become all the rage in the wake of HBO’s hit show “ The Best Business Plans Include Estate Plans You have worked hard to build your business. Take time to ensure its longevity by creating an estate plan. To ensure your estate plans are in line with your goals regarding gift tax, digital assets, and business

Understanding Estate Planning in Texas Estate planning is a process that involves making plans for the Trusts: Privacy, Protection, and Tax Benefits Trusts are another important component of estate planning Understanding probate and estate taxes is crucial in estate planning. estate planning attorney. Finding the Right Estate Planning Attorney in Texas Choosing the right estate planning attorney is crucial