Wealth Management
Baker Avenue attempts to provide timely insight into the myriad of topics that accompany investment management.
Estate Planning in 2011
A review of the new Estate Tax limits
On December 17, 2010, Congress signed into law (“The Act”)several changes in the way that estate tax and gift tax law will be calculated. Although the Act is effective only for the next two years, it significantly alters the tax rules on which many es-tate plans are based. In particular, it lowers estate and gift taxes for 2011 and 2012 and allows the estates of 2010 decedents to opt in or out of the estate tax.
Planning for a Legacy
An Introduction to Estate Planning
Few people relish estate planning. After all, deciding how you want your assets distributed after you die can serve as an unnerving reminder of your mortality. But there are plenty of reasons to tackle the task with some enthusiasm…
Top 10 Ways to Transfer Wealth
10 strategies for doing just that
When President Obama signed the Tax Relief Act into law last December, the new legislation paved the way for individuals and families to give away an unprecedented amount of money without triggering any IRS penalty. Through 2012, the lifetime gift exclusion rises from $1 million to $5 million, with a 35 percent tax rate on anything over that amount. The change means individuals…