by Marilou Davido | Jun 22, 2023 | Resources
Provided by Mike Smith, and WFA’s friends at CPS Horizon. Thanks to current and upcoming changes to tax law, estate planning is more important than ever. Making sure your wishes for the distribution of your wealth, no matter the size, are executed efficiently...
by Marilou Davido | Jun 22, 2023 | Resources
Charitable remainder trusts are irrevocable trusts that let you donate assets to charity and draw annual income for life or for a specific period of time. How a Charitable Remainder Trust Works In a charitable remainder trust, a donor transfers property, cash,...
by Marilou Davido | Jun 19, 2023 | Resources
For information on gifting appreciated stock to charity, click here. Annual Limit The IRS excludes gifts to a single person totaling up to an annual max specific to each calendar year. The annual limit is applied per giver and per recipient. For example,...
by Marilou Davido | Jun 19, 2023 | Resources
For information on gifting appreciated stock to an individual, click here. General Information Donating appreciated stock to charity is a tax efficient way to fulfill your charitable intentions while minimizing income tax to yourself. The donation can be made...
by Marilou Davido | Jun 14, 2023 | Resources
An estate plan is a collection of documents that specify how you want your money and other assets distributed, making it easier for your loved ones to handle your affairs during a time of grief. 6 Major Components of an Estate Plan Beneficiary Designations –...
by Marilou Davido | Jun 9, 2023 | Resources
The federal Itemized Deduction is the total of four main categories of allowable deductions: medical expenses, taxes paid, interest paid, and gifts to charity. Limitations may apply to each of these categories. Medical Expenses You can deduct medical and...
