Estate Planning
How do I decide what personal property to keep for me or my family?
A recent WSJ article discussed the art of decluttering our lives, which has become a hit TV series but offers a serious…
IRS issues notice regarding early retirement withdrawal rules
The IRS has issued Notice 2022-06, providing guidance on whether periodic payments from an individual account under a qualified retirement plan are…
Basics of cryptocurrency
Understanding Cryptocurrency Cryptocurrency is a digital asset that is created and traded online. Computer operators called miners establish new units of the digital currency…
WSJ article addresses elder abuse increase during COVID pandemic
In a recent article, the Wall Street Journal investigated the increase in elder abuse which has occurred during the last two years. …
IRS Releases 2022 Annual Exclusion and Estate, Gift, and Generation-Skipping Transfer Tax Exemption Amounts
On November 10, 2021, the Internal Revenue Service (IRS) issued Rev. Proc. 2021-45, which provides inflation adjustments for sixty-two sections of the Internal…
What is a grantor trust and will it help me?
When we give gifts in trust, the trusts can be irrevocable, or permanent (and not easily amended), but clients also need to…
An estate plan is a great gift for your adult children
In a recent WSJ article, Malcolm Butler, president and CEO of the The Fiduciary Group in Savannah GA, argues that giving an estate…
Millenials discover a purpose for prenups
In a recent WSJ article, the authors recognize the recent trend of millenials embracing prenuptial agreements, but for reasons their parents would not…
Basis planning
Before the increase in the federal estate tax exemption amount, brought in by the enactment of the American Taxpayer Relief Act (ATRA)…
SECURE Act considerations
Under the new SECURE Act, effective January 1, 2020, various IRA and qualified plan rules, long applicable to planning, have changed. First,…
