1 min read

Wealth Transfer

Even as Congress continues to tinker with year-end tax breaks and incentives, it is never too early to begin addressing legacy planning issues. Many of our clients would like to know how to pass as much of their IRAs as possible to the next generation.

There are several strategies that can help reduce estate and income tax liability and increase the amount of wealth you can transfer. You may be interested in learning about them if you:

  1. Are or will be taking Required Minimum Distributions ( RMD) from IRAs or other retirement plans,
  2. Have determined that you do not need the income to live on, and
  3. Would like to pass as much as possible to your heirs.

Our firm is pleased to offer a no-obligation analysis for our clients who may be interested in learning more about this planning. Please call our office to schedule an appointment so we may discuss maximizing your IRA’s impact. As always, we appreciate your loyalty and trust in our firm.

Have a wonderful Holiday Season!

 

How to use the pass-through entity tax in Wisconsin or Illinois

How to use the pass-through entity tax in Wisconsin or Illinois

The Tax Cut and Jobs Act of 2017 had many long-ranging implications, but perhaps none more significant than its effect on itemized deductions and how...

Tax Strategies to Save Your Business Thousands

Tax Strategies to Save Your Business Thousands

A new year is here, and for small business owners, that means new opportunities and challenges. Among the most important—and sometimes most...

What we do together in the first 90 days

What we do together in the first 90 days

Typically, when you have a new accountant, they employ the SALY (Same As Last Year) method. Meaning, they look at what was done in the past and try...