Author: Tom

Some of the most generous provisions of the tax code are those that permit beneficiaries of IRAs and other qualified retirement plans to defer income tax on the plans until time of withdrawal. This allows the IRA or qualified plan to grow significantly more than if it were subject Continue reading →

It’s that time of year – the time for beautiful weddings, fun receptions, delicious cakes, special gifts, and romantic honeymoons. While this is a joyous time for everyone, it’s also time for you and your new spouse to plan for your future – for richer or for poorer, in sickness and Continue reading →

Surprising to most people, the federal estate tax is a voluntary tax. Estate planning attorneys used to say, ‘You only pay if you don’t plan.’ Now, portability provides both an alternative and a back up plan to lifetime tax planning. This means you might be able to minimize or even Continue reading →

If you’re reading this, you need an estate plan. Why? The short answer is ‘Everyone, age 18 and older needs an estate plan. It doesn’t matter if you are old or young, if you have built up considerable wealth or if you are just entering adulthood –you need a written plan to keep you Continue reading →