Category Archives: News

Tax-free Savings Accounts to Aid Those with Disabilities

Both individuals and family members of those with disabilities will soon have a new means for saving. In December 2014, Congress passed the ABLE Act, “Achieving a Better Life Experience” which allows for the creation of tax-free accounts that may be used for disability-related expenses.

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Estates and Gift Tax Planning

Unless you plan carefully, a large share of your wealth could eventually be lost to estate taxes. Effective wealth transfer and gifting strategies can substantially reduce your overall income tax burden and estate taxes. The lifetime estate and gift tax basic exclusion amount for 2015 is $5,430,000.

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