13 Nov 2019
A women presenting a clipboard of data charts

To fulfill their fiduciary duties, your not-for-profit’s board needs information. You don’t want to bog them down with superfluous reading material. But there are three general types of information you should share. The first is financial, including copies of your Form 990, audit results and quarterly financial reports with income and expense information. The second […]

12 Nov 2019
Trust written on a piece of paper ripped in half

Estate planning advisors recommend that you periodically revisit your estate plan because of changing circumstances. An irrevocable trust that works fine when it’s established may no longer achieve its original goals if your family circumstances change or new tax laws go into effect. If you have one or more trusts in need of repair, you […]

05 Nov 2019
A last will and testament on a table

Estate planning is often associated with the division of your assets, and this is certainly a key component. It’s typically accomplished, for the most part, by drafting a will, which is the foundation of an estate plan. With a valid will, you determine who gets what. It can cover everything from the securities in your […]

31 Oct 2019
Hands in the shape of a heart around the words qualified charitable distributions

Are you charitably minded and have a significant amount of money in an IRA? If you’re age 70½ or older, and don’t need the money from required minimum distributions, you may benefit by giving these amounts to charity. IRA distribution basics A popular way to transfer IRA assets to charity is through a tax provision […]

24 Oct 2019
Blueprints and a hard hat with the words Cost Segregation Study

Is your business depreciating over 30 years the entire cost of constructing the building that houses your operation? If so, consider a cost segregation study. It may allow you to accelerate depreciation deductions on certain items, thereby reducing taxes and boosting cash flow. And under current law, the potential benefits are now even greater than […]