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Category Archives: General

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Tax reform and estate planning: What’s on the table

By Legacy Protection, LLP |

As Congress and President Trump pursue their stated goal of passing sweeping new tax legislation before the end of the year, many taxpayers are wondering how such legislation will affect them. One area of particular interest is estate planning; specifically, the future of gift, estate and generation-skipping transfer (GST) taxes. Potential estate tax law… Read More »

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A charitable remainder trust can provide a multitude of benefits

By Legacy Protection, LLP |

If you’re charitably inclined but concerned about having sufficient income to meet your needs, a charitable remainder trust (CRT) may be the answer. A CRT allows you to support a favorite charity while potentially boosting your cash flow, shrinking the size of your taxable estate, reducing or deferring income taxes, and enjoying investment planning… Read More »

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Legacy Protection Lawyers Named a 2017 Law Firm 500 Honoree

By Legacy Protection, LLP |

Legacy Protection Lawyers Named a 2017 Law Firm 500 Honoree for Fastest Growing Law Firms in the United States   Since its founding, Legacy Protection Lawyers has been dedicated to providing excellence in customer service resulting in many happy clients. In doing so, our commitment and focus has taken us on a fabulous journey… Read More »

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A timely postmark on your tax return may not be enough to avoid late-filing penalties

By Legacy Protection, LLP |

Because of a weekend and a Washington, D.C., holiday, the 2016 tax return filing deadline for individual taxpayers is Tuesday, April 18. The IRS considers a paper return that’s due April 18 to be timely filed if it’s postmarked by midnight. But dropping your return in a mailbox on the 18th may not be… Read More »

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2016 IRA contributions — it’s not too late!

By Legacy Protection, LLP |

Yes, there’s still time to make 2016 contributions to your IRA. The deadline for such contributions is April 18, 2017. If the contribution is deductible, it will lower your 2016 tax bill. But even if it isn’t, making a 2016 contribution is likely a good idea. Benefits beyond a deduction Tax-advantaged retirement plans like IRAs… Read More »

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