Category: Tax Planning

In this article (read below or download here): Getting started with a multi-generational philanthropy tradition How donor-advised funds (DAF) offer both flexibility and tax advantages Building a legacy with a family foundation How Charitable Lead Trusts (CLTs) can play a role in family giving The most significant thing we can pass on to the next [...]

As we near the end of the year, it’s time to wrap up year-end charitable giving. To ensure that your gift donations are processed by year-end, please follow the deadline guidelines below provided by Schwab and Fidelity for your brokerage accounts. Schwab Year-End Gifting Deadlines Type of gift/contribution Deadline requirement for 2025 tax deduction Mutual [...]

This article is published in its entirety on AdvisorHub at https://www.advisorhub.com/resources/a-surprising-migration-trend-how-state-taxes-are-quietly-redrawing-the-wealth-map/  For years, people with wealth followed a familiar pattern: move from high-tax states to low-tax states. The idea was simple – keep more of what you earned and leave more behind for your kids. That strategy is still around, but the routes families take [...]

Google provides an extensive range of benefits that can enhance your wealth, manage risk, and secure your future. By integrating Google’s compensation, retirement, and health benefits into your financial plan, you can better align these offerings with your long-term goals. Equity Awards Google’s stock units (GSUs) can be a powerful tool for achieving financial objectives. [...]

You can read and/or download our 2025 Year-End Tax Planning Checklist here: [...]

Qualified retirement accounts can be powerful tools in saving for your later years, but along with the benefits of pre-tax contributions and tax-deferred growth, there are limitations and rules that apply. A good thing can’t last forever, and―as the Beatles said―the taxman will eventually come for his cut. That’s where Required Minimum Distributions, or RMDs, [...]

Attention, Charitable Givers! The recently passed One Big Beautiful Bill Act (OBBBA) is reshaping how Americans approach charitable giving—especially among retirees. While the legislation introduces a modest above-the-line charitable deduction for non-itemizers, it limits the benefits of itemizing charitable gifts, which particularly impacts higher-income households. In this shifting landscape, Qualified Charitable Distributions (QCDs) are gaining [...]

With the passage of the “One Big Beautiful Bill” last week, a wide range of new tax provisions have been introduced, many of which will have meaningful impacts for taxpayers. Sifting through the bill to identify all the relevant details will be a daunting task and will take some time—our objective in this article is [...]

On May 20, 2025, Washington State Governor Bob Ferguson signed a $78 billion state operating budget into law, significantly expanding state spending on public services, education, childcare, and early learning. To fund these initiatives, the Washington State Legislature passed several major tax reforms that will affect many of the state’s high-income residents, business owners, and [...]