Spring Newsletter 2021
We all know that as a result of the 2020 elections, taxes are not only going to change, but they are going up. Focusing on estate planning, the landscape is downright scary. Read More
In the summer of 2019 President Trump signed into law the “Setting Every Community Up For Retirement Enhancement” (SECURE ACT) of 2019. Read More
President Biden’s American Families Plan announced on April 28, 2021, is the third leg in the POTUS’ Build Back Better initiative designed to rescue, recover, and rebuild the country. This $1.9 trillion package, comprised of $1 trillion in spending and $900 million in tax cuts, will be partially offset by income tax increases for wealthy Americans. Read More
To understand just how far off the IRS can be when estimating an estate’s tax bill, one doesn’t need to look any further than recent tabloid headlines regaling the win by late singer Michael Jackson’s Estate. Read More
If you have not done so already, now’s the time to review your estate plan and start preparing for the 2021 tax year and beyond. With a new administration in the White House and rumblings of possible changes to the estate and gift tax laws, attorneys and financial planners are pointing their clients in the direction of estate planners who can help them sort out a plan before it becomes a crisis to be averted.   Read More
Earlier this year H&A kicked off the first in a series of Zoom meetings titled Millennial to Millennial. Our first topic focused on estate planning and why it’s so important for millennials (born 1981-1996) to begin proper planning in 2021. Did you know that 79% of millennials do not have even basic estate plans? Read More
Is your adult child going off to college this fall? This can be an exciting but stress-filled time. In addition to worries of their academic success or failure, what if they get sick or hurt? Read More
Most married couples file their tax returns as Married Filing Jointly (MFJ) which is generally tax advantageous when compared to the other alternative which is Married Filing Separately (MFS). It needs to be noted though, that filing jointly is an annual election by both spouses and cannot be used if one spouse does not agree to sign (a frequent issue during divorce proceedings). Read More