It’s safe to say that this global pandemic is stressing everyone out. COVID-19 has heightened our worries about staying healthy, working remotely and trying to navigate social distancing without being totally isolated. wonder how to have tough conversations about money and make decisions when each have their own unique viewpoint and emotional reactions to what’s going on in the world around them.

Congress passed a second economic relief package called the Paycheck Protection Program and Health Care Enhancement Act (Act) totaling over $480 billion.

The CARES Act and near historic low interest rates have made split charitable gifts much more attractive for those taxpayers seeking to make larger legacy gifts.

Those families who look to preserve, protect and pass generational wealth recognize a strategic opportunity as interest rates and asset values continue a downward trend. We review wealth transfer strategies families are deploying to capture the unique benefits of these unprecedented market conditions.

We are currently in the second tax season after the significant federal tax law changes. While there are no major changes from last year, there are some items to note when working with your tax advisor to prepare your 2019 individual income tax return.

The Treasury has outlined expanded deferral opportunities for O Zone funds and laid out penalties for violating those rules. We review these new rules and rewards that come two years after the Trump administration’s 2017 overhaul of our tax system, creating opportunity zones.

Tax planning should happen all year long, not just when you are getting ready to file your tax return. An important part of tax planning is good recordkeeping.

The new law may immediately impact your retirement, estate and wealth transfer plans.

Eleven ways to help reduce your taxes now and in the future. Prior to the December 31 deadline, consider reviewing these options with your financial and tax advisors.

We dig into the emotional, financial, tax, and estate planning aspects to consider when choosing a seasonal home that best meets your current and future needs.