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There’s a new estate tax! What? You haven’t heard the news? Well, maybe that’s because nobody else is calling it the new estate tax. You see, the new estate tax is called the income tax. Let me explain. Think about when your parents or grandparents passed away. The tax concern at that time was probably …
New Estate Tax Guide 2022:For Illinois based Tax Payers Read More »
When discussing estate planning I often talk about death planning versus life planning, so let’s break with down what I mean by that. Death planning is exactly what it sounds like. You’re planning to die. You want to take care of who gets what when you’re gone. It’s pretty simple. A death plan might read, …
Death Planning vs Life Planning: Guide for Illinois based Tax Payers Read More »
what if I told you the bank was offering a CD with let’s say 4% that probably per cheers up isn’t it now. what if I sit on top of this 4% the gains from the CD were tax-free. well, now you’re sitting up in your seat aren’t you what if I said a little …
Everything you know about estate planning is dead! That’s what I told a new client who was explaining to me exactly how much they knew about my profession. This guy has turned into a very good client, but he definitely has the alpha personality – if you’re into DISC assessments, he is a high D. …
Today we are going to discuss the future of taxation and we have to be really careful because when it comes to taxes nothing is ever known. Let me explain what I mean. You might be aware of something called “tax brackets” and you might even understand that the brackets are set so that as …
Let’s take a quick journey down the path of the history of taxes. I’m a big fan of history, so I have to do everything I can to contain my temptation to expand upon what I want to talk about in this episode, so let me start a little more broadly than you might think …
I often get asked, “When is a will OK?” Talk about a question that doesn’t narrow down the universe very much! A one-word answer to that question can range from “Never” to “Always!” What I usually assume as underlying concerns when people as me, “When I a will ok?” are the following questions all packed …
When is a Will ok? Guide for Illinois based Tax Planner Read More »
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