THE 5 TAX POTHOLES By: John P. Napolitano, CFP®, CPA, PFS, MST

While you’re gathering your tax information to prepare this year’s tax forms, let me share the top 5 problems in your financial world that should stick out like a sore thumb to anyone reading your return. The first is holding title to your assets in a form that may invite death taxes and the administrative…

Zero Tax Plan – Concept of 9 Circles

Wealth Transfer Planning 3 of 6 Proactive wealth transfer planning is about control and leverage.  We believe that a successful estate distribution plan is one in which your heirs (and/or charity) receive as much as possible, and Uncle Same, as little as possible. But this requires some work. Depending on your heirs’ tax brackets and…

“Estate Level Tax” vs. “Asset Level Tax”

Wealth Transfer Planning 2 of 6 Uncle Sam is probably an heir of your estate, whether you know it or not. The common misconception is that “my heirs won’t have to worry about taxes” because the size of my estate isn’t big enough. Many people know that the federal estate tax exemption is about $5.5…

Proactive Tax Planning 6 of 6

CASE STUDY: Proactive Tax Planning Strategies Over the course of the last couple weeks, we have shared several proactive tax planning strategies that one might use in planning their financial future. Today we will share an example of how one couple might implement these strategies based on their personal values, vision and wealth. This is…

Proactive Tax Planning 5 of 6

3 Ways Charitable Remainder Trusts Provide Tax Advantages A charitable remainder trust can serve many purposes in one’s financial plan. Clearly, you have to be charitably inclined, as there is an irrevocable charitable component to this strategy. But in addition to helping out your favorite charity (or charities), you get several big tax advantages from…