Everyone involved in estate planning needs to think about the implications for life settlement options. Two pieces of the new tax law, the Tax Cuts and Job Act of 2017 (TCJA), have a significant impact on life settlements: the increased estate tax exemption and the clarification of the income tax treatment for life settlements. TCJA… Read More »
Posts Categorized: Tax Planning
Helping our Self-Employed clients understand if they qualify for a new 20-percent tax break
The Tax Cuts and Jobs Act still has that new car smell, and it’s providing us with a unique opportunity to help self-employed clients and small business owners reduce their tax burdens. For entrepreneurs, one of the most exciting aspects of the new law is a 20 percent deduction for qualified business income from “pass… Read More »
What Does a Trump Presidency Mean for You?
The votes are in. Donald Trump is the President Elect. WealthManagement.com has published a great analysis piece on what the future of estate planning could look like under a Trump administration, and we believe the highlights are worthy of your attention. When Trump campaigned, he proposed the following tax reforms: • Eliminating the federal estate… Read More »