With the election behind us and the holiday season in full swing, you may not be thinking about taxes. But you still have time to take proactive steps to reduce your federal income tax liability for 2024. Here are five last-minute tax planning strategies to consider before year end. Important: Many Tax Cuts and Jobs…
News
A Health Care Directive Can Go By Many Different Names
A health care directive is a critical piece of your overall estate plan. Why? It allows you to communicate your preferences in advance for medical care in the event you’re incapacitated and cannot express your wishes. However, depending on your jurisdiction, a directive can go by several different names, including living wills, advance medical directives and directives…
Structured Settlements: A Creative Way to Finance Business Sales
Structured settlements are commonly associated with the payment of personal injury damages because of their advantageous tax-free treatment. But some business purchases and buyouts can also benefit from structured settlements using annuity payments from an insurance company. Basics of Structured SettlementsA structured settlement is an agreement made to settle a monetary claim or lawsuit. It provides…