estate taxes
As 2020 winds down, many tax- and residency-related matters are coming to the fore. How should you tackle them with clients?
While Joachim Klement, CFA, has some sympathy for the proposals coming out of the White House and US Congress to cut corporate taxes despite the potentially negative long-term effects, he is less sanguine about their efforts to eliminate or reduce estate and individual income taxes.
As 2017 enters its final quarter, the White House and US Congress are trying to tackle a key Republican pledge from the 2016 elections: comprehensive tax reform. A major aspect of the preliminary proposal: a reduction in corporate tax rates. Joachim Klement, CFA, explores the potential costs and benefits of such a policy in the first installment of his two-part analysis of US tax reform.
What is the “new normal” of estate and gift tax planning under the American Taxpayer Relief Act of 2012? What are the new planning paradigms? Sam Donaldson, professor of law at Georgia State University College of Law, discusses planning options for $5 million, $8 million, and $30 million families.
I want it, and I want it NOW! Sound familiar? While that petulant behavior may remind you of your toddler, it's surprisingly common in adults, too. That's because it is an example of "temporal discounting" — our tendency to want things now rather than later. It seems we are hardwired for instant gratification.