Some feel a philanthropic tug on their heartstrings from time to time, while others make charitable donations an integral part of their financial plan. Whether you fall into one category or the other, knowing the qualified charitable distribution rules in 2023 that could be impacting your estate can help you leverage your donation—and minimize your taxation.  The qualified charitable distribution rules have, in previous years, not been set in stone according to the IRS. In 2022, however, the IRS has declared that charitable donations made from one of your tax-deferred accounts will be exe ..read more

“There are only two guarantees in this life, death and taxes.” This popular saying is usually attributed to Benjamin Franklin circa the 1780’s but has certainly come into much wider use since the establishment of the IRS in 1862. It is also a favorite of most financial advisors focused on retirement income planning for obvious reasons—death and taxes are key considerations when making financial decisions for your future. In this article, we are focusing on showing you how to guarantee tax-free retirement Income with Life Insurance strategies many are not aware of. Maximize Your Wealth and Pay ..read more

This Year’s Festival, beginning January 26th and lasting through February 16th, launches with International focus showcasing world-class feature films, documentaries and shorts at nearly 100 in-theater screenings throughout Palm Beach County “Experience the Magic of Cinema” is the slogan of a major new cultural event that begins this week: The Donald M. Ephraim Palm Beach Film Festival© Presented by MorseLife. From January 26th to February 16th the festival is to bring highly anticipated, critically acclaimed, and thought-provoking films to Palm Beach County. “Our Festival will fulfill o ..read more

Some feel a philanthropic tug on their heartstrings from time to time, while others make charitable donations an integral part of their financial plan. Whether you fall into one category or the other, the qualified charitable distribution rules can help you leverage your donation—and minimize your taxation. The qualified charitable distribution rules have, in previous years, not been set in stone according to the IRS. In 2022, however, the IRS has declared that charitable donations made from one of your tax-deferred accounts will be exempt from taxation up to $100,000 as long as the distributi ..read more

Gifting is a well-known strategy for passing the legacy of your wealth to the individuals and nonprofit organizations close to your heart. But there are a number of different factors that must be considered as you explore the possibility of charitable gifting, primarily the current lifetime gift tax exemption. Our clients routinely inquire about charitable gifting as a way to offer financial support to favorite causes while simultaneously reducing the overall size of your estate. This is a strategy that can be beneficial for many high net worth individuals, as it can reduce tax liability and t ..read more