We understand the significance of the recent changes to estate and gift tax exemption amounts. Thanks to the 2017 Tax Cuts and Jobs Act (TCJA), these amounts were doubled, providing potential opportunities for individuals and married couples to minimize their estate tax liabilities. Given these time-sensitive changes, it is essential to have a flexible estate tax plan that can adapt to evolving laws.
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One of the most common planning questions we get asked, especially from clients with sizable IRAs or pre-tax retirement accounts, is whether they should convert some of those amounts to a Roth IRA. Since such conversions would require paying income taxes on the amount converted, the question is whether doing such a conversion makes any sense. Given..
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When we meet with clients, we are often asked about what type of wealth planning other families like theirs are doing. This can be a challenging question since everyone’s financial situation is different but because most of our clients have obtained or are nearing financial independence, their primary goals are often similar, which is maintaining..
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