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July 2017 Archives

Could a trust in your estate plan protect heirs from taxes?

When you acquire assets over the course of a lifetime, you pay taxes at the time you earn or purchase those assets. However, when you die, if you have a substantial amount to leave to your heirs, they could face additional taxes on your assets.

Another confusing tax form for executors

Who thinks about tax season in July? The answer is likely no one outside of an accountant’s or tax attorney’s office. But the confusion over how to complete tax forms may not go away for executors tasked with administering an estate. Obscure and dense tax forms can be vexing; especially for those who do not regularly deal with them.

Property tax reduction efforts to be "Trumped" again?

As the President of the United States, Donald Trump is fighting to reform taxes. While action has yet to be taken by his administration, Trump, the brand and business, are pursuing its own form of a lower tax assessment on his golf club in Jupiter, Florida.


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