Estate & Financial Planning

December 2022

November 2022

June 2022

PERSPECTIVES IN THIS ISSUE Estate planning Estate planning without taxesIntro to trustsAn avoidable tax disasterA tax disaster avoided Retirement planning    An outstanding retirement deal March 2022 Estate planning without taxes   Put your beneficiaries first. The traditional “hot button” that motivates people to see their lawyers about estate planning is taxation. Death taxes—inheritance taxes, estate taxes, federal taxes, state taxes—have taken a notorious toll on unplanned estates over the years. With sound planning, that burden can be lightened or even eliminated. In some cases, the tax savings easily cover the cost of the attorney’s fees for creating the estate plan. However, that hot button has cooled considerably in recent years, as the federal estate tax has been increasingly targeted to

PERSPECTIVES IN THIS ISSUE Estate planning Small business succession planningWhat if you prefer to sell your business? Retirement planning    Important 2022 retirement planning numbers PhilanthropyDirect charitable gifts from an IRA Estate Planning Succession planning is more important than ever. In an average year, about 600,000 establishments go out of business, according to the Federal Reserve. The advent of the pandemic was feared to boost that figure sharply, which led to Congress adopting the Paycheck Protection Plan. The legislation appears to have softened the blow of the pandemic on business, because as of last April there were only about 200,000 excess business closings, again according to Federal Reserve data. About 70,000 of those were units of major companies that did not