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February 22, 2024/Family Wealth, Tax, wealth advisory

We May Never See a Better Environment for Transferring Wealth … Here’s Why

It may seem that there will always be time to address estate planning. However, a unique opportunity to maximize the amount of wealth that can be tax-efficiently passed to heirs will expire at the end of 2025.

May 8, 2023/Family Wealth, Tax

We May Never See a Better Environment for Transferring Wealth … Here’s Why

A unique opportunity to maximize the amount of wealth that can be tax-efficiently passed to heirs will expire at the end of 2025.

Meet SL Wealth Advisors

The same team you know and trust for your tax preparation is now offering expanded financial planning services. Meet SL Wealth Advisors.

February 3, 2019/Family Wealth, Financial Planning

How Incomplete Nongrantor Trusts Can Help Avoid State Income Taxes

With the federal gift and estate tax exemption at $11.40 million for 2019, people whose estates are below the exemption amount are shifting their focus to income tax reduction. High-income taxpayers, particularly those who live in high-income-tax states, may want to consider incomplete nongrantor trusts, which make it possible to eliminate state taxes on trust income.

An ESOP Can Benefit a Business Owner’s Retirement and Estate Plans

Did you know that an ESOP can be a powerful estate planning tool? It can help you address several planning challenges, including lack of liquidity and the need to provide for children outside the business.

January 24, 2019/Financial Planning, Family Wealth

Sudden Impact: When a Spouse Unexpectedly Dies

What if the unthinkable happens and your spouse dies unexpectedly? Would you be prepared to cope emotionally and financially? As the surviving spouse, you’ll face several tasks and challenges.

Jimmy Eggers Promoted to Partner

Jimmy Eggers has been promoted Tax Partner at Smith Leonard PLLC effective January 1, 2019. He specializes in tax planning and compliance for closely-held businesses along with their respective owners and comprehensive financial planning for high net worth families.

December 28, 2018/Financial Planning, Family Wealth

Life Changes This Last Year? Review Your Estate Plan

Your estate plan shouldn’t be a static document. It needs to change as your life changes. Year end is the perfect time to check whether any life events have taken place in the past 12 months or so that affect your estate plan.

November 16, 2018/Family Wealth, Tax, Financial Planning

Alternative Gifts for the Kids and Grandkids

With the holiday season approaching, thoughts turn to presents for the family. Toys? They already have too many. Sweaters? Practical, but maybe a little too practical. Consider a few financial gifts that might fit the bill.

November 7, 2018/Business Planning, Family Wealth, Tax

Educate Your Children on Wealth Management

If you’ve worked a lifetime to build a large estate, you undoubtedly would like to leave a lasting legacy to your children and future generations. Educating your children about saving, investing and other money management skills can help keep your legacy alive. Teaching techniques There’s no one right way to teach your children about money. […]

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