Perhaps you would prefer to take a charitable deduction this year. Maybe you have higher income this year, or the reduced ability to take a deduction next year. A donor advised fund may make sense for you. A donor advised fund allows a deduction this year, even though distributions will be made to public charities in future years. Read on to learn more about a donor advised fund.Would You Prefer a Charitable Deduction This Year? … [Read more...]
No Charitable Deduction in 2018?
The tax bills passed by the House and Senate would eliminate deductibility of state income tax and nearly double the standard deduction, dramatically reducing the number of people who would benefit from itemizing their deductions. As a result, most people would get no tax benefit from their charitable contributions. This article examines how a Donor Advised Fund could allow donors to make a contribution this year, getting a tax benefit, and then release the funds to charities in the … [Read more...]
Who Should Talk to Estate Planning Attorneys?
Bath estate planning attorneys provide invaluable help to clients in all different types of life circumstances and in all different situations. Talking with an attorney is essential to ensure that you are prepared for whatever the future brings. While many people think that only those who are older should worry about estate planning, the reality is there are many people who can benefit from the assistance and advice that an estate planning attorney can offer. The Law Office of Michael … [Read more...]
Key Factors to Consider About Your Retirement Age
An elder law attorney can help you to prepare for your future. Elder law attorneys do not just help older people. The Law Office of Michael Robinson, P.C. can provide assistance throughout your life in taking steps to save for retirement, prepare to leave your legacy, and plan ahead in case you get sick. One of the key issues that an elder law attorney can assist you with involves preparing for retirement. Planning ahead for your retirement is important so you can ensure that you are able to … [Read more...]
A Special Option for Special Kids
When planning for children with special needs, it takes special care to preserve their eligibility for public benefits. An ABLE account is a new way to preserve eligibility while gaining tax advantages. Read on to learn more about this new tool in planning for those who were disabled by age 26.A Special Option for Special Kids … [Read more...]
