Should your refund be spent? In 2014, more than 109 million tax filers received federal tax refunds, with the average refund at $2,792. What happens to that money?
PUTTING YOUR TAX REFUND TO WORK
TUESDAY TIP
ORGANIZING YOUR PAPERWORK FOR TAX SEASON
How prepared are you to prepare your 1040? The earlier you compile and organize the relevant paperwork, the easier things may be for you (or the tax preparer working for you) this winter. Here are some tips to help you get ready.
FEEL-GOOD FRIDAY
I remember seeing this years ago - it still brings a smile to my face today. Kenny should be well on his way to retirement by now!
Have a great Friday and an even better weekend!
USING CRUTs & CRATs TO SELL YOUR BUSINESS INTEREST
Discover a pair of underappreciated exit planning vehicles. Charitable remainder unit trusts (CRUTs) and charitable remainder annuity trusts (CRATs) are commonly seen as estate planning tools. What frequently goes unseen is their value in exit planning for business owners.
AN ESTATE PLANNING CHECKLIST
Estate planning is a task that people tend to put off, as any discussion of “the end” tends to be off-putting. However, those who die without their financial affairs in good order risk leaving their heirs some significant problems along with their legacies.
TUESDAY TIP
MINIMIZING PROBATE WHEN SETTING UP YOUR ESTATE
Probate subtly reduces the value of many estates. It can take more than a year in some cases, and attorney’s fees, appraiser’s fees and court costs may eat up as much as 5% of a decedent’s accumulated assets
FEEL-GOOD FRIDAY
This is a great song to get up and move to!
Happy Friday everyone - have a great weekend!
THE VALUE OF LIFE INSURANCE TRUSTS
You may think of life insurance in very simple terms: you buy a policy so that your loved ones will have some financial assistance when you die. Its functionality doesn’t end there. If it looks like your accumulated wealth will be subject to estate taxes someday, life insurance may be a very useful tool for you. In fact, you might call life insurance the “Swiss army knife” of estate planning, especially when it is used in conjunction with trusts.