Preparing Your Heirs

Don’t put off having an inheritance conversation

Everyone is familiar with Benjamin Franklin’s famous quote that “in this world nothing can be said to be certain, except death and taxes.” Yet despite talking excessively about the latter, very few of us ever seem comfortable when it comes to discussing the former. Parents are reluctant to broach the subject because it forces them to contemplate their own mortality. Adult children avoid the topic so as not to appear greedy or insensitive.




Blended Family Finances

Complex planning needs for more complex relationships

Today, approximately 100 million people in the U.S. are members of a blended family.1 What was once a novel plot device for 1970s and 1980s television sitcoms is now everyday life for nearly one in every three Americans who are living as a step-parent or step-child.


Important 2017 Tax Deadlines

Set forth below are a variety of tax deadlines that may apply to you in 2017. As always, please check with your tax advisor before taking action or failing to take action with regard to any of the items listed below. Also, please note that this is not a complete list of all tax deadlines and you should touch base with your tax advisor as there may be other deadlines that pertain to your personal tax situation.



Should You Consider Changing Your Domicile…

...for Estate Tax Purposes?

Pursuant to the American Taxpayer Relief Act of 2012, the 2015 estate value eligible for exclusion from federal estate, gift, and generation-skipping taxes is $5,430,000. In other words, upon your death, the transfer of your assets to your beneficiaries may be subject to federal estate tax if your estate is valued at more than $5,430,000. For couples, this means that just over $10.8 million can be passed to your heirs without incurring any federal estate tax. A vast majority of couples in the U.S. will not need to worry about their estate having to pay federal estate taxes


How To Monetize Your Heirlooms

What you consider to be an heirloom might not be to younger generations. Have your adult children already started asking you what you are going to do with all your “stuff” when you retire? Years of furniture, souvenirs, great deals, and collections add up over time.


2013 Important Tax Deadlines

Set forth below are some important tax dates for the remainder of this year. If you have questions about these dates or your personal tax situation, you should consider contacting your tax preparer or accountant.