January 03, 2018
NP Trusts & Estates Blog
Estate and gift tax changes under the recent Tax Cuts and Jobs Act, estate planning for your wine cellar and locating assets in the digital age. Here’s what’s trending in estate planning and wealth management.
In executing an estate plan, it is important to give special consideration to unique assets, such as a wine cellar. Unlike many other items of personal property, a wine cellar represents time and effort and has both sentimental and fiscal value.— Sarah Roscioli
One of the tasks your family and executor face after your death is finding your assets. It used to be straightforward but gone are the days of opening a safe deposit box to find a decedent’s stock certificates and reviewing mail for dividend checks and statements. Book-entry stock accounts, direct deposit of dividends, electronic bank statements and forms 1099 that are directed to your e-mail account make the task much harder now.— Sarah M. Richards
Identity theft is a topic that has become increasingly popular in the past several years; more specifically, how to prevent identity theft. Typically, when we think of identity theft, we do not associate that with someone who has passed away. Protecting the identity of a deceased person is sometimes just as important as that of someone who is still living. — Kerri Painting
What’s happening: Highlights from the NP Investment Team—NP Investment Team
As of January 1, 2018, the Internal Revenue Service (IRS) standard mileage rates for cars, vans, pickups and panel trucks will be:
The business, medical and moving rates increased 1¢ over the 2017 standard mileage rates while the charitable rate remained the same.— Mary-Benham B. Nygren
This post originally appeared on NP Privacy Partner.
We’ve seen the commercials and advertisements enticing us to learn about our heritage. While intrigue may prompt a purchase, the Federal Trade Commission suggests that consumers should not lose sight of the privacy issues that can arise when seeking to learn more about who you are and where your ancestors lived. — Steven M. RichardRead More
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