Financial Planning Insights
Estate Planning: Estate Settlement for 2010 Decedents (PDF)
Generally, settling an estate is an orderly and task-oriented process. Under the Economic Growth and Tax Relief Reconciliation Act of 2001, federal estate (and GST) taxes were repealed for decedents in 2010. However, in mid-December 2010, after months of legislative wrangling, with the passage of the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, estate taxes were retroactively reinstated to January 1, 2010. Read More.
Estate Planning: Implications of Portability (PDF)
In our firm’s thirty years of advising high net worth clients, we have found that many often resist or even actively avoid estate planning for some understandable reasons; discussion of death is a difficult topic, the complexity of the subject, future uncertainty of estate and probate laws, the myriad of planning options available, the cost involved, and philosophical differences between spouses, to name a few. Read More.
2010 Estate Tax Repeal and Estate Planning Implications (PDF)
As many of you are aware, on December 31, 2009, the estate tax law, as promulgated under the Economic Growth and Tax Relief Reconciliation Act of 2001 ("EGTRRA"), was repealed for one year. We at TFC, along with most estate planning attorneys and financial advisors, have been researching the impact of this repeal to determine what issues you may face and what potential planning opportunities this change provides. Read More.
Key Tax Planning Strategies for 2010 & Beyond (PDF)
How can one soften the blow should tax rates be increased? That is the question on the minds of many investors, tax advisors and wealth managers. One possibility for consideration is conversion to a Roth IRA from a Traditional or Rollover IRA. Read More.
In Their Own Words: Financial Advisors On Company Stock Strategy For Year-End 2008 And The Market Downturn (PDF)
We asked financial advisors around the United States for their ideas on planning for both year-end and beyond as the
market downturn plays out. Below are their responses, presented in their own words. Read More.
Tax-Loss Harvesting: The Rebalancing Act (PDF)
By Lee C. McGowan, CFP®
Advisors seeking to add value to their client portfolios during turbulent times are well served to review the details of the rules of tax-loss harvesting. In particular, advisors using mutual funds as part of a disciplined investment approach that calls for rebalancing, systematic investments, and/or reinvestment of capital gains and dividend distributions may want to focus on the fine points of the wash sale rules. Read more.
Solving the Roth IRA Conversion Conundrum (PDF)
Following this November’s election it seems a virtual certainty that Federal ordinary income and capital gains tax rates will rise; the only question will be by how much? Read More.
Emergency Economic Stabilization Act of 2008 Summary of Major Provisions (PDF)