There’s an old expression in financial services: it’s what you keep that matters. Understanding the tax ramifications of financial decisions ranging from selecting the right investments, to managing income taxation year to year, to estate planning for the most advantageous multi-generational tax impact can be the difference between achieving financial goals and not achieving them.
Wills
Only one-third of all Americans have a last will and testament. For the two-thirds who do not, the intestate laws of the states they live in will determine who will receive their assets when they die. Many of our clients are surprised by what those intestate laws say.
For many families, the most important area of tax planning relates to their estate plans. In an environment of changeing regulations, ensuring that your estate plan is current and is designed to take advantage of tax savings opportunities is essential.