All Wealth Planning Content

Post-Election 2020: Still in a State of Uncertainty. What Does This Mean for Your Wealth Plan?

Alvina H. Lo |
Wealth Planning

The election came and went on November 3, 2020, and here we are still in a state of uncertainty about who will serve the next term as the President of the United States. The composition of the Senate is also in question which may impact the ability of any legislative action. As we wait for clarity, it’s important to stick to your tried and true year-end wealth planning efforts with an eye toward the possible election results.


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

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

November 3, 2020, GEM 25 — 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.


10 Tax-Savvy Steps to Consider Taking Before New Year’s Eve

Wilmington Trust |
Wealth Planning

Best not to wait until the last minute, so we’ve made a list and checked it twice. Each step may bring you closer to preserving or enhancing your assets, leaving you more to enjoy or share with those who matter most, but decisions are best made with guidance of your tax professional and Wilmington Trust advisor.