Jeffrey

Year-End Financial To-Do: Update Your Plan

December 6th, 2018|

By Jeffrey R. Wolfe, Senior Vice President, Manager of Wealth Planning Strategies

Many folks find the year’s end is a time of reflection.  While maybe not top of mind, consider using this tendency as motivation to review your estate plan.  While it’s estimated that more than 50% of adult Americans don’t have an estate plan, […]

IRS Announces an Early Christmas Present for Wealthy Taxpayers

December 5th, 2018|

By Jeffrey R. Wolfe, Senior Vice President, Manager of Wealth Planning Strategies

In a recent announcement, the IRS has confirmed it will not pursue “clawback” for large gifts made under the current estate and gift tax regime. What that means is that individuals may use the new, higher gift tax exclusion amount (currently $11.18 million per […]

Year-End Financial To-Do: Making Annual Gifts

November 20th, 2018|

By Jeffrey R. Wolfe, Senior Vice President, Manager of Wealth Planning Strategies

At year end, many enjoy giving gifts to loved ones. For those that may face a potential federal or state estate tax, making annual gifts may help save on those taxes in the long run. Under federal law, every person can gift up to […]

Scary Financial Mistakes: Overlooking Incapacity Planning

October 31st, 2018|

By Jeffrey R. Wolfe, Senior Vice President, Manager of Wealth Planning Strategies

With Halloween upon us, we have the last scary financial mistake of our series.  This is one of the most important, most overlooked, and often most dreaded part of planning:  planning for your incapacity.

Many feel incapacity is as likely as the boogey man under […]

Incredible Artists, but Horrible Planners

October 19th, 2018|

By Jeffrey R. Wolfe, Senior Vice President, Manager of Wealth Planning Strategies

As we wrap up Estate Planning Awareness Week, we turn to two famous, but unfortunate, examples of what happens if you fail to plan.  On April 21, 2016, the recording artist Prince died.  On August 16, 2018, the Queen of Soul, Aretha Franklin, passed […]

Planning for Your Digital Assets

October 18th, 2018|

By Jeffrey R. Wolfe, Senior Vice President, Manager of Wealth Planning Strategies

Continuing with Estate Planning Awareness Week brings us to a new area of the law.  Apple. Twitter. Gmail. Netflix. Pandora. Shutterfly. Amazon. These online accounts may be a part of your daily life, but have you thought about how you’d like your digital assets […]

Consider a “Pet Trust” to Care For Fido

October 17th, 2018|

By Jeffrey R. Wolfe, Senior Vice President, Manager of Wealth Planning Strategies

As we continue National Estate Planning Awareness week it’s time to consider your fuzzy family members.  I’m not talking about your unique uncle, though, I’m talking about your pet.  People love their animals, sometimes more than their human family.  Historically, though, the law considered […]

Review Your Successor Appointments

October 16th, 2018|

By Jeffrey R. Wolfe, Senior Vice President, Manager of Wealth Planning Strategies

For round two of National Estate Planning Awareness week, we are going to focus on your successors.  If you have a will, you have named a personal representative to serve.  If you have a trust, you have named a successor trustee to serve on […]

National Estate Planning Week is October 15-19th

October 15th, 2018|

By Jeffrey R. Wolfe, Senior Vice President, Manager of Wealth Planning Strategies

It’s that time of year again, National Estate Planning Awareness week.  This week is led by the National Association of Estate Planners and Councils, and is an effort to remind everyone of the importance of having a comprehensive estate plan.  To support this cause […]

Avoid Tax Surprises This Year: Better Charitable Deductions. . . if You Itemize

September 6th, 2018|

By Jeffrey R. Wolfe, Senior Vice President, Manager of Wealth Planning Strategies

(Part 3 of a 4-part series)

Tuesday, we reviewed the importance of checking your withholding to make sure you are not over/under-withholding due to the tax law changes this year.  Yesterday, we focused on how state and local tax deductions have been limited under the […]