When It Comes to Trusts, Silence May Be Golden

The idea of leaving a significant inheritance to your children or grandchildren may give you pause. Could the promise of wealth make your heirs act financially irresponsible or reckless? Anticipating a cash cushion, will they neglect their education or fail to pursue...

Overview of Real Estate Depreciation Changes

The Tax Cuts and Jobs Act (TCJA)¬†included several favorable changes to the federal income tax depreciation rules for real estate. However, one intended change didn’t make it into the statutory language, and there are some potential pitfalls to avoid....

What’s Involved in Being an Estate Executor?

If you’re asked to serve as the executor of an estate, think carefully about the decision before accepting the position. Acting as an executor or administrator of an estate can involve a great deal of work, depending on assets and the complexity of the estate....

How the New Audit Rules Will Impact Estate Planning

Future changes to partnership audit rules will impact estate planning. Typically, one would not assume these changes would impact estate planning, but it does considering many estates have LLC taxed as partnerships in order to obtain valuation discounts. Entities...