Category: Wealth Management

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.

2019 Estate and Gift Tax Update

As the law currently stands, taxpayers have now through 2025 to take advantage of the increased estate and gift tax lifetime exemption assuming no intervening legislative changes.

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.

Irrevocable Life Insurance Trusts: Administration Checklist

An Irrevocable Life Insurance Trust (“ILIT”) is a trust that can be used to minimize estate taxes by moving the proceeds of life insurance policies outside of your taxable estate. This article provides a general overview of ILIT funding and administration requirements.

2018 Year-End Tax Planning in a Reformed Tax Environment

The changes are many and too voluminous to cover in one article, so we are focusing on the most impactful changes for individuals and strategies taxpayers should consider prior to year-end to give fewer tax dollars to Uncle Sam in April 2019.