Private Client Services

The vast majority of Americans aren t worried about the estate tax and with current laws exempting anyone with a taxable estate less than $12 92 million only a small percentage of Americans have reason to worry However according to current law that $12 92 million amount also referred to as the estate tax exclusion is scheduled to be cut in half on January 1 2026

Self employment comes with a lot of freedom but it also comes with the responsibility to save for retirement Here are four common retirement plan options for self employed individuals and business owners to choose from

Dealing with the IRS is intimidating for many individuals Using the IRS website to create an account provides you with ample time to review your records and complete payments or other activities without the pressure or wait of speaking with an IRS representative to get the identical information

As we approach year end it is a good time to start thinking about charitable giving Private foundations and donor advised funds DAFs are two popular options to consider Here are the pros cons and tax impacts of each method

Whether you re still growing your business or have already sold it to enjoy the fruits of your former labor it s easy to focus solely on your day to day life without thinking much about the future It s important to step back and plan for your ultimate wealth distribution by putting together an estate plan