Managing the Tax Basis of the Assets in Your Trust Can Reduce Income Taxes

Thomas Kelley, CPA, CFP®, AEP® |
Emerald GEMs

November 3, 2020— A common mistake some people make is once they create a trust, they forget about it. They don’t see that ongoing evaluation of the trust and its tax basis can potentially yield income tax benefits down the road. Director of Income Tax Planning Tom Kelley discusses how you can potentially reduce your income tax liability by proactively managing the assets in your family’s trusts.

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The Timely Benefits of a Health Savings Account

Matthew J. Mancini, CFP®, ChFC®, AEP® |
Emerald GEMs

September 8, 2020—The global health pandemic is a reminder of how quickly and unexpectedly significant health care issues can arise. It may be time to ask: Is it beneficial to have a health savings account when I can afford to pay for health care expenses out of my pocket? Wealth Planner Matthew Mancini discusses the key benefits of these popular savings accounts, explaining how they not only help to prepare families for unexpected medical expenses, but may offer tax incentives as well.

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Emerald GEM 17: The Importance of Asset Titling in Estate Planning

Matthew T. Lee |
Emerald GEMs

August 25, 2020—What is not necessarily top of mind, but also deserves careful consideration, is how the assets that will eventually comprise your estate are titled. This is because how assets are titled will impact how they are transferred at death, which can have a range of planning implications and possibly affect whether an estate plan ultimately achieves its intended goals and objectives.

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