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Category Archives: Tax Planning

States are Looking at The Big Picture When It Comes to Taxes

By The Law Office of Angela N. Manz |

In addition to a federal estate tax, most people can plan to pay an estate tax for their state of residence as well upon the distribution of a deceased loved one’s estate. These gift and estate taxes generate a significant amount of revenue for most states; but according to this recent article in Forbes,… Read More »

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529 Plans Are Useful for College Tuition AND Estate Planning

By The Law Office of Angela N. Manz |

As the cost of college tuition rises, so do parents’ stress levels. According to one website, the cost of tuition for one year at some schools can be enough to make a decent down-payment on a house. By the time you’ve paid for your child to spend 4 or 5 years at a university… Read More »

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You Can Help Your Child Become a Homeowner—But Do Your Research First

By The Law Office of Angela N. Manz |

American culture is one that respects independence and self-reliance; but with the current tough economic situation, and the fact that more young adults are graduating from college without jobs, or living at home until well into their 20’s, many families are opting to do things the old-fashioned way—with parents giving kids the financial help… Read More »

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What Will You Be Doing With This Year’s IRA Withdrawal?

By The Law Office of Angela N. Manz |

Many of our clients who are 70 ½ or older have chosen in the past to give a certain portion of their required IRA withdrawal to charity each year; doing so has allowed them to take the required withdrawal, keep their taxable income down, and give to a cause they care about all at… Read More »

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Friendly Reminder to Take Advantage of Tax Deductions Before Year’s End

By The Law Office of Angela N. Manz |

As 2011 draws to a close just about everybody has their minds on vacation, travel, and gift-buying, so we just wanted to take a moment to remind all of our readers to take advantage of your tax deductions and allowances before the year is over. These may include sending a check to your favorite… Read More »

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Long Term Care Insurance Is Tax Deductible for Business Owners

By The Law Office of Angela N. Manz |

By now most people, when planning for their “Golden Years”, know that they need to consider the possibility that they may need long-term care at some point in time, and that long-term care insurance is a logical option for this purpose. What most people don’t know is that if you are self-employed or own… Read More »

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Entrepreneurs, Family Business, and Estate Planning

By The Law Office of Angela N. Manz |

If you’re an entrepreneur, or a small or family business owner, you have more to lose if you don’t have an estate plan. An estate plan help you protect not only your family and your assets, but also the business you’ve spent years (or decades) building. A recent article at Entrepreneur.com, entitled What Entrepreneurs… Read More »

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Some Tax Saving Strategies from the Wall Street Journal

By The Law Office of Angela N. Manz |

Income, estate, and other federal tax levies have commonly been a bone of contention between those with different political ideologies; but the current conflict has reached unusual heights, with various million- and billionaires publicly expressing their views (pro or against) about current tax laws. Of course, million- or billionaires aren’t the only ones with… Read More »

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Don’t Let Tax Laws Limit Your Generosity

By The Law Office of Angela N. Manz |

The past two years have been tough on the average American family. The economy has been floundering and the unemployment rate has been hovering around 9-10% since 2009, not to mention the roller coaster ride we’ve all been through with the stock market. But through it all some families and individuals have fared better… Read More »

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Charitable Lead Trusts Can Benefit Your Heirs AND Your Favorite Charity

By The Law Office of Angela N. Manz |

2011 and 2012 are good years not only for heirs but also for charities; high estate- and gift-tax exemption amounts (as much as $5 million per person) have many wealthy families exploring their options for gift-giving, and record-low interest rates are prompting many financial advisors to recommend that their clients set up charitable lead… Read More »

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