Exceeding Expectations. Always. — Business Advisors and CPAs

Personal Finance

Use a Noncharitable Purpose Trust to Achieve a Variety of Goals

Generally, trusts must have one or more human beneficiaries, but there’s an exception for certain “purpose” trusts, such as a noncharitable purpose (NCP) trust.
Posted: August 7th, 2017 | Permalink

​Don’t Overlook Tax Apportionment When Planning Your Estate

If you expect your estate to have a significant estate tax liability at your death and you want to avoid unintended consequences, be sure to include a well-drafted tax apportionment clause in your will or revocable trust.
Posted: July 31st, 2017 | Permalink

Claiming a Federal Tax Deduction for Moving Costs

Summer is a popular time to move, whether it’s so the kids don’t have to change schools mid-school-year, to avoid having to move in bad weather or simply because it can be an easier time to sell a home
Posted: July 11th, 2017 | Permalink

Worried About Challenges To Your Estate Plan? Make It No Contest

The idea that someone might challenge your estate plan after you’re gone can be disconcerting. A no-contest clause essentially disinherits anyone who contests your will and loses
Posted: May 12th, 2017 | Permalink

Saving Tax With Home-Related Deductions And Exclusions

Home ownership comes with many tax-saving opportunities to consider when filing your 2016 return or tax planning for 2017.
Posted: April 10th, 2017 | Permalink