Author: Inez Bowie

Tax Cuts and Jobs Act Doubles Lifetime Exemption Amount

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In addition to the magnitude of changes the Tax Cuts and Jobs Act has delivered to taxpayers everywhere, the new law also zeroed in on the way estates and trusts are taxed. Needless to say, these changes are sure to alter the way you look at your long-term financial planning and the legacy you hope to leave behind.

The Legal & Financial Duties Of An Estate Executor

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If you ever find yourself named as an executor of a loved one’s estate, it’s your duty to assess and protect assets, pay creditors, notify beneficiaries, file a final tax return, and more. Read on to learn more about the responsibilities of an executor.

How To Donate Like A Billionaire

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People choose to give because they like the way it makes them feel and they like the way others will think of them if and when they give, says Laura MacDonald, CFRE, president of the Benefactor Group. Is this statement true for billionaires as well? Read on to find out.

The Birth Of The Taxpayer’s Estate

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The day Mary passed away was a somber day for her entire family – especially Emma, Mary’s daughter. But unlike the rest of the family, Emma had little time to mourn.

I Have the Money

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You came across some extra cash and now you’re faced with a dilemma. Should you use it to pay down on your home mortgage – or should you invest it? If you were to ask your buddies on the golf course, they would probably tell you to keep your home mortgage because you can deduct … Continued

Protecting Your Wealth

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Hopefully you have put together an estate plan that details how your wealth should be distributed upon death. If not, you should. For those of you who have, make sure the important financial decisions you make in the years to come don’t alter your intended wishes. The following describes certain areas of your estate that … Continued

Celebrating Another Tax Deadline Passed

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Why not try thinking of your recently filed return as a snapshot of your financial transactions over the course of the last year? With a little analysis of prior years’ tax returns, you can better understand your financial well-being. Why not use your tax return to develop a plan for the next 3 to 5 … Continued