by Christine | Nov 22, 2011 | Estate Planning, Tax Planning |
If you’re in the fortunate position of deciding where to leave your millions or billions (or even if you are not), take some advice from billionaire Warren Buffett’s son, Peter: Don’t spoil them. It doesn’t take an experienced estate planner to say so, but “money is...
by Christine | Nov 22, 2011 | Estate Planning, Tax Planning |
If you’re in the fortunate position of deciding where to leave your millions or billions (or even if you are not), take some advice from billionaire Warren Buffett’s son, Peter: Don’t spoil them. It doesn’t take an experienced estate planner to say so, but “money is...
by Christine | Nov 21, 2011 | Estate Planning |
"You often just don't know what you're going to end up with if you donate" to smaller charities, says Ken Berger, president and chief executive officer at charity evaluator Charity Navigator. You may not know "whether or not [the charity] is...
by Christine | Nov 18, 2011 | Business Succession Planning, Estate Planning, Tax Planning |
As the end of the year approaches, small business owners need to meet with accountants or tax preparers to review tax-planning strategies. “Every accountant is going to be sitting with their entrepreneur clients in the next few weeks to see what they can do, both on...
by Christine | Nov 16, 2011 | Estate Planning, Tax Planning |
Rumors are circulating that the Super Committee may be planning to cut Gift Tax Exemptions from $5,000,000 to $1,000,000. The really scary part of the rumors is that the change may have an effective date of November 23, 2011. With the Super Committee in a deadlock...
by Christine | Nov 15, 2011 | Estate Planning, Retirement Planning |
[Qualified Charitable Deductions] can be used to satisfy the RMD requirement for the IRA owner. This means that the IRA owner who doesn’t need his or her RMD for income can direct the distribution to the charity of his or her choice. If you would rather be a...
