Understanding the Tax Treatment of Alimony

Blair Talty |
Wealth Planning
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Learn about the tax treatment of alimony in a divorce and other considerations.  The 2017 tax act changed the tax treatment of alimony for both the payer and the recipient.For divorces finalized prior to January 1, 2019, this new tax treatment does not apply and is grandfathered under the rules of the prior law.It is important to review your settlement agreement in light of today’s current tax laws, and consider modification of an existing agreement if appropriate.

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Estate Planning Under Today’s Tax Laws

Blair Talty and Marguerite C. Weese |
Wealth Planning
Estate Planning Tax Reform NC.jpg

Seize the opportunity to make the most of your estate plan.  As with any change in tax legislation, the Tax Cuts and Jobs Act of 2017 gives rise to valuable estate planning opportunities.The new tax law serves as a good reminder to review your estate plan to be sure that it is consistent with your current goals and is flexible to promote tax efficiency under today’s tax laws.

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Retirement Saving Strategies for Corporate Executives

Wealth Planning
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Explore how a ‘backdoor’ Roth IRA or Health Savings Account may help you save more for retirement. If your income is too high to make direct Roth IRA contributions, converting a traditional IRA to a Roth may be a viable option.Health Savings Accounts may offer a tax saving opportunity, as contributions are tax deductible and withdrawals are tax free if used for qualified medical expenses.

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