25 Apr 2014

Where Do You Call Home and How Does it Affect Your Estate Tax?

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posted on 25th April 2014 in Your Financial Advisor

About 15 states and the District of Columbia impose an inheritance or estate tax. The tax rates range from a few percent to 19 percent in Washington State. As the typical state exemption rate is much lower than the current federal exemption (it’s only $1 million in New York and Maryland), the middle class is […]

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01 Apr 2014

Home is Where the Heart Is – and Your Tax Bill

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posted on 1st April 2014 in Austin CFP Team Posts & Your Financial Advisor

It’s common today for people to cross state lines to go to work, to temporarily relocate to another state for work or medical treatment, or to have a second or even a third home. Unfortunately, what’s not uncommon is for all of these states to simultaneously lay claim to your income tax dollars. Residency and […]

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27 Feb 2014

LGBT Planning Isn’t Only About the Couple

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posted on 27th February 2014 in Austin CFP Team Posts & Your Financial Advisor

The U.S. Supreme Court struck down the Defense of Marriage Act (DOMA), which was a federal law that sought to exclude same-sex couples from the definition of spouse. But last year, the United States Supreme Court in U.S. v. Windsor, struck the exclusion, holding it to be unconstitutional. But I’m Not Gay Many people may […]

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10 Feb 2014

Choosing a Professional Financial Advisor

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posted on 10th February 2014 in Austin CFP Team Posts & Your Financial Advisor

By Christopher Van Slyke Working with a professional financial advisor can be key to achieving your goals for the future, but it can also derail your plans—if you’re not working with the right person. There’s no one-size-fits-all recipe for choosing an advisor, but there’s some important due diligence you should undertake before making a decision. […]

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31 Jan 2014

Should You Dump Your Family’s Trust

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posted on 31st January 2014 in Austin CFP Team Posts & Your Family

Many revocable trusts contain by-pass planning. This type of plan captures the assets owned by, in whole or part, a deceased spouse in a trust for the survivor instead of simply giving the survivor the assets outright. One primary purpose of this type of planning is to preserve the federal and tax exemptions that would […]

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31 Jan 2014

U.S. Estate and Gift Tax Traps for Non-U.S. Citizens

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posted on 31st January 2014 in Austin CFP Team Posts & Your Financial Advisor

As a full-service wealth management advisory firm, WorthPointe advisors weigh in on issues like the ones noted in this article during the planning process. Those who have these one-off challenges would be better served to speak with a local tax lawyer to gain the required advice. U.S. ESTATE AND GIFT TAX TRAPS FOR NON-U.S. CITIZENS […]

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