News & Insights

Is estate planning tax deductible?

If you want to ensure that your wealth and assets are allocated to the right people after your death or in the event you become incapacitated, estate planning is the appropriate strategy. Estate planning ensures that your assets, health care decisions, pets, personal items and more go to the right people after your death. Hiring […]

Are charity auctions tax deductible? (and other charity tax FAQs)

Charity auctions are a popular way for individuals to support their favorite causes while also potentially receiving a tax benefit. However, not all charitable donations made through auctions are tax deductible.  Whether you are a frequent bidder at charity auctions or are considering making a donation for the first time, you can make the most […]

What’s the connection between asset protection and tax planning?

If you own assets like a home or car, you need to make sure that they are protected appropriately. Asset protection is a major part of your financial plan, especially your estate plan. An estate and trust plan gives you the ability to determine who will receive your assets when you can no longer make […]

How to reduce taxable income (for high earners)

The tax rate increases the more you earn. This can be bad news for high earners, who can find themselves paying as much as 37% on their taxable income (and that is only federal income tax and may only increase in the future).   Luckily, there are some ways that doctors, lawyers and other high […]

Tax planning in Florida: 2 tax benefits of retirement living in the Sunshine State

If you’re a retiree or someone who plans to retire, it can be helpful to consider tax planning options with a financial advisor. There are several states in the U.S. where you aren’t responsible for taxes on certain things that you may otherwise be required to pay for in different states. Knowing which states are […]

Do you pay taxes on capital gains in Florida?

Capital gain is a concept within economics that describes the profit that is made after a sale of an investment or an asset. Assets that can provide capital gain include properties, cars, stock and even businesses. Some states have required that people pay taxes for capital gains. This usually applies to sales of assets held […]

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