Summary: A home is a place to live, but it can also be an important part of your estate plan. First, consider all the tax breaks you can get. Click through for a dive into the financial aspects of home ownership to help you make long-term plans.There are two big tax benefits you get when […]
Summary: When we think of assets, especially in the context of estate planning, we think of cash and homes, for example. But certain assets are deemed “intangible,” and handling them can be complex. Click through for an overview of this special category. Intangible assets have long existed — rights such as copyrights, leases and government subsidies […]
Summary: Have you been handling your company’s remote work policy on an ad hoc basis? This isn’t going to cut it in the long term. Click through to rethink home office policies, procedures and benefits tailored to the home office world.What challenges have your employees been facing, and how can you offer the solutions they […]
Summary: Trusts are powerful estate planning tools, but before you create one, you need to know which kind is right for you and how they work. Click through for an overview of the different types of trusts so you can make an informed decision.Trusts are used in estate planning to transfer assets to beneficiaries. Trusts […]
Summary: Business succession planning involves creating a plan for someone to own or run your business should you retire, become disabled or die. Click through for ideas on passing control to the next generation.Once you’ve become comfortable with the idea that you want your business to continue after you’re no longer around, you must plan […]
Summary: No one enjoys a tax audit, and there’s no way to guarantee that you won’t get hit with one. But there are some things you can do to minimize the chances of being audited by the IRS. Click through for some tips that can help you either avoid an audit or, at the bare […]
One of the most important decisions you will make as part of your estate plan will be choosing an executor — the person who will carry out your final wishes. Click through for a look at the duties in order to help you choose someone who is up to the tasks.When you write a will, […]
Two adults who live together and plan to continue doing so may form a domestic partnership instead of getting married. The big question is how can they protect their joint estate? Click through for an introduction to the complex rules.There are many reasons why two people stay together but don’t marry: family, profession, religion, a […]
Is this the trend of the future: employees working only a four-day week? And what we’re really talking about is fewer hours (not longer days) — while maintaining productivity. Click through for a fresh look at this concept. It is hardly surprising that employees would prefer to work 28 hours a week instead of 40. […]
In an effort to provide transparency and enhance the overall clarity of operations, the IRS requires pass-through entities that have relevant international income, deductions, credits and other miscellaneous items to file Schedule K-2 and Schedule K-3. Click through to read more about Schedule K-2, Schedule K-3 and the importance of these business-related documents. In alignment with […]