As estate planning attorneys, we all know the many tax reasons to do estate planning. For example, doing annual exclusion gifts may reduce or eliminate state and federal estate taxes. But, there are substantive reasons to plan, besides keeping the taxman at bay. It’s good to remember these reasons in order to remind clients and prospects of the reasons they need to plan, even if they aren’t concerned about taxes. Incapacity. This may be the most important reason to plan—for themselves! … [Read more...] about Non-Tax Reasons to Plan
Estate Planning Attorneys
Helping Clients Steer Clear of the Investment Earnings Surtax
Clients are unfamiliar with “Obamacare,” otherwise known as the “Affordable Care Act.” They may know about the impact on health insurance, but they probably do not know about the impact on their taxes. In prior tax years, there was no Medicare surtax on capital, dividend, or taxable interest. However, beginning January 1, 2013, under the Affordable Care Act, a new 3.8% Medicare surtax on net investment income earnings went into effect for taxpayers who earn over the following … [Read more...] about Helping Clients Steer Clear of the Investment Earnings Surtax
