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Grantor Trust … The Good and the Bad

One type of trust that has become more common in recent years is the Intentionally Defective Grantor Trusts. These trusts are treated as “grantor trusts” for federal income tax purposes under the federal tax code.

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Section 1031 Like-Kind Exchanges under the TCJA

The TCJA didn’t eliminate like-kind exchanges; however, it did eliminate tax-deferred like-kind exchange treatment for exchanges of personal property after December 31, 2017.

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Charitable Contribution Planning Under the TCJA

With good planning and communication, many tax-advantageous opportunities are out there for individuals to maximize the assets they wish donate to charity while retaining the tax benefit.

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Custodial Roth IRAs and the Magic of Compound Interest

A custodial Roth IRA is a retirement savings account funded with post-tax dollars for individuals under the age of 18.