Learn from the past, set vivid, detailed goals for the future, and live in the only moment of time over which you have any control: now.
– Denis Waitley
Asset protection planning consists of the process of placing your assets in such a way as to remove or decrease exposure to unforeseen liabilities or unexpected events. It is best to engage in such planning prior to the time at which a claim, lawsuit or judgment arises. People often begin to address the issue of […]
Asset protection methods in Virginia Read More »
The greatest tax advantage of Section 529 college savings accounts is that it is permitted for them to increase earnings without being subject to federal tax, and generally not to state income tax either. When the account beneficiary reaches college age, tax-free withdrawals can be made to finance the beneficiary’s qualified college expenses. Although 529
The use of 529 college savings accounts in estate planning Read More »
The holiday season upon us, meaning that the remainder of the year will see a significant amount of purchasing and bestowing gifts. The spirit of giving is not lost upon the federal government, particularly regarding those gifts with significant valuations, or those bequeathed by an estate. Accordingly, the Internal Revenue Service has announced its gift
IRS offers holiday season tidings on tax exclusions estate planners should remember Read More »
