May 03, 2017
Trusts & Estates Blog
Trusts & Estates Blog
Financial check-ups for newlyweds, planning for family asset protection, travel restrictions for delinquent taxpayers, reasons to consider active investment management now, and more. Here’s what’s trending in estate planning and wealth management.
You’ve returned from your honeymoon and you’re ready to start your lives together. What’s next? Now it’s time to set your financial goals and protect what matters to you most.—Andrea M. Ells, Huma Ahmad, CPA
Passive strategies have outperformed active since the end of the financial crisis but this cannot continue forever. With equity indexes at record levels and valuations above their historical levels, now may be the perfect time to seek out an active strategy that meets your long-term investment needs.—Steve McCabe
The federal estate tax may be repealed, but your estate plan should be about more than just tax planning. Asset protection planning for future generations may be more important than saving taxes.—Annette K. Eaton
Hidden beneficiaries—the last word on some estate assets may not be governed by one’s will or trust.—Mary Ford
There are several techniques available to help organize, manage and transfer vacation homes from one generation to the next as smoothly as possible.—Sarah T. Connolly
Your 2016 income taxes are done. Whew! No need to worry about 2017 income taxes until next April, right? Well, that may not be the most prudent path to take.—Daniel N. Jones
Taxpayers who are delinquent by $50,000 or more in federal tax, penalties and interest could have their U.S. passport application denied or their current passport revoked under the FAST Act as of March 2017. Delinquent taxpayers who travel domestically may be affected if their state does not issue drivers’ licenses compliant with the Real ID Act beginning in January 2018.—Mary-Benham B. Nygren
What state you reside in, for tax purposes, is decided by the number of days you spend in a particular state as well as your deemed permanent residence.—John L. Garrett
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