Give and you shall receive, as the saying goes. If you are considering a year-end gift of money or property to a worthy charity, here are some tips on maximizing your charitable tax deduction: Keep good records! Regardless of the amount of money given, meaning from dollar $1 up, the taxpayer … [Read more...]
Portability in Estate Planning
Portability is a rather new concept in the world of estate planning, specifically regarding the Federal estate transfer tax. Before explaining what portability is and how it fits into your estate plan, let me explain a few things about the Federal estate and gift transfer tax system. A tax may be … [Read more...]
