Compassionate and Comprehensive Planning for Individuals, Families and Businesses

Tax and Financial Considerations

Income Tax-                IRS imposed tax on income from all sources.  Some income can be deferred, or routed to avoid immediate tax.  This includes Capital Gains taxes.

 

Estate (Death) Tax-    This tax is imposed on your estate.  The percentage of the tax is determined by the size of your estate (what you owned) at your death and how much you had transferred by gift.  The tax is only paid out of your estate though.

 

Family Planning-        The special needs, lifestyle requirements and family goals that are unique to you and your family must play a role in the tools and techniques used in your plan.

 

Gift Taxes-                  Each individual is entitled to make gifts without tax consequences, but only up to a certain point.  Beyond that point, Congress imposes taxes on the gifts made.  Use of certain leveraging techniques can allow a person to transfer more than the allowed amount.

 

Charitable Desires-    When a persona has charitable intentions, then those intentions can be coupled with special techniques to benefit the family and charity in significant ways.