News & Insights

Maximize Estate Tax Savings with a Spousal Lifetime Access Trust Before the Tax Cuts & Jobs Act Expires in 2025

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By: Kevin Todd, CPA, EA, USTCP, Senior Manager Overview of the Tax Cuts and Jobs Act (TCJA) Expiration Many of the legislative tax rules we have come to know under […]

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Common Estate Planning Mistakes

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By: Devan Alexander and Jen Danko Having a solid estate plan in place before an unthinkable crisis is the best way to ensure your legacy is preserved and your wishes […]

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Watch Out for IRD “Income in Respect of a Decedent” Issues When Receiving an Inheritance

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Most people are genuinely appreciative of inheritances, and who wouldn’t enjoy some unexpected money? But in some cases, it may turn out to be too good to be true. While […]

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A Refresher on the Trust Fund Recovery Penalty for Business Owners and Executives

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One might assume the term “trust fund recovery penalty” has something to do with estate planning. It’s important for business owners and executives to know better. In point of fact, the […]

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Inheriting Stock or Other Assets? You’ll Receive a Favorable “Stepped-up Basis”

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If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for tax purposes.   How do the rules work? Under the […]

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