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15 01, 2021

How Do UTMA Accounts Work from a Tax Perspective?

By |2021-01-22T00:09:18-07:00January 15th, 2021|Categories: Estate Planning, Financial Guides, Tax Planning|Tags: , , |0 Comments

For parents seeking tax-advantaged strategies for transferring funds to their minor children—whether as a way to save for college or simply to give their kids a financial head start when they become adults—a popular type of custodial account called a UTMA account may provide a solution. However, understanding the tax implications of UTMA accounts is

27 11, 2020

Is it Better to Take a Lump Sum or Lifetime Payments from Your Pension?

By |2020-12-16T00:54:29-07:00November 27th, 2020|Categories: Retirement Planning|Tags: , , , |0 Comments

If you are fortunate enough to be eligible to receive a pension from your employer when you retire, one of the main decisions you will face is whether to accept a lump-sum distribution or lifetime monthly payments. As you approach your retirement date, it’s important to think carefully about this decision, since it is usually

31 07, 2020

5 Reasons to Consider Using a Trust

By |2020-08-09T01:31:49-07:00July 31st, 2020|Categories: Estate Planning, Retirement Planning|Tags: , , |0 Comments

When approaching the estate planning process, many people assume that a simple will is all they need to effectively distribute assets among their heirs. While a will is an integral component of any estate plan and an important tool for spelling out your wishes after you die, trusts offer a variety of benefits and, in

10 07, 2020

Use the Step-Up in Basis to Give Your Heirs More

By |2020-07-09T23:08:36-07:00July 10th, 2020|Categories: Retirement Planning, Tax Planning|Tags: , , , |0 Comments

If you have been fortunate enough to invest steadily for the long term in stocks, real estate, or other appreciating assets, you may find yourself holding a sizable fortune late in life. The smart move is to leave these assets to heirs, to take advantage of the step-up in basis rules and avoid taxes. A

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