Jeffrey

National Estate Planning Week: Looking Ahead

October 20th, 2017|

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

As we wrap up National Estate Planning Awareness week, we look toward the future.

This week the IRS announced the annual gifting limits increase $1,000 to $15,000 per person per year. This means a married couple may gift up to $30,000 per person with […]

Will Estate Taxes Go Away?

October 19th, 2017|

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

President Trump and Republican legislators recently submitted their “Unified Framework for Fixing Our Broken Tax Code.”  In it, they proposed to condense tax brackets, lower corporate tax rates, and generally, “make America great again.”  As with nearly every tax plan, this one is also designed […]

Yes Millennials, You Too Need An Estate Plan

October 17th, 2017|

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

Generally described as the generation born after 1980 but before 2000, you Millennials are a large generation who are changing the game in many ways.  That said, you also continue the folly of your previous generations by failing to prepare for your own incapacity or […]

National Estate Planning Week is October 16-20th

October 16th, 2017|

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

Once again, it’s National Estate Planning Awareness week, a concept led by the National Association of Estate Planners and Councils.  In support of this effort we will be bringing you various planning and organization ideas to help you understand what estate planning is, and why […]

Families Must Discuss Their Legacy Plans, Especially Those That Have Family Businesses

September 22nd, 2017|

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

Perhaps one of the most difficult, and consequently most overlooked, issues for financial planning involves sharing plans with loved ones.  Whether it’s the older generation wanting to share details of what the younger generation may inherit, or if it’s a younger generation concerned about the […]

Tax Tip Tuesday: That Was Fun, Let’s Do It Again!

April 18th, 2017|

By Jeffrey R. Wolfe, Vice President and Manager, Estate Planning Strategies and Affluent Client Services

Today is the last day of tax season, and what a fun season it was! You may feel some relief, or you may feel ongoing anger. Either way the 2016 tax season is over. That said, the 2017 tax season is […]

Tax Tip Tuesday: Higher Income Means More Taxes

April 11th, 2017|

By Jeffrey R. Wolfe, Vice President and Manager, Estate Planning Strategies and Affluent Client Services

Earning a high income may get you many nice things, but it also gets you the pleasure of paying more taxes. Many tax thresholds are indexed for inflation, like the AMT tax exemption or the phase-out of certain deductions. However, taxes […]

Tax Tip Tuesday: Give me back my refund!

February 28th, 2017|

By Jeffrey R. Wolfe, Vice President and Manager, Estate Planning Strategies and Affluent Client Services

The IRS has released its “Dirty Dozen” of leading tax scams. For the first time, “phishing” schemes have topped the list. In 2016 alone, phishing scams and malware incidents increased 400 percent (IR-2016-28). These scams are often designed to confuse taxpayers, […]

Year-End Financial To-Do: Consider Formalizing your Charitable Giving

December 14th, 2016|

By Jeffrey R. Wolfe, Vice President and Manager, Estate Planning Strategies and Affluent Client Services

At year-end many support the holiday spirit and consider making charitable gifts. It’s also pretty practical to review your potential tax liability and see whether charitable giving may make sense if you itemize your deductions. There are some standard year end […]

Year-End Financial To-Do: Making Annual Gifts

December 6th, 2016|

By Jeffrey R. Wolfe, Vice President and Manager, Estate Planning Strategies and Affluent Client Services

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 […]