Firm News, Blog & Whitepapers

Imminent estate planning should be a worry for wealthy clients as the tax landscape changes with the Biden administration. The estate tax exemption raised by the Tax Cuts and Jobs Act will sunset in five years—possibly sooner, as the new Congress gears up for a Biden tax overhaul. “There are legitimate concerns that the exemption will be ... possibly as low as $3 million,” said Mike Winn, managing partner, business succession and planning, at Audent Family Wealth Advisors

We are all familiar with the platitudes about trusts: great things if used right, offering potential solutions to asset protection, probate, tax and family issues. The concept of moving the legal ownership of an asset to an unrelated party while still retaining the benefit of it is useful in many contexts.We are seeing trusts growing increasingly popular in non-traditional regions such as Asia and Latin America, where clients may take some getting used to the idea.

Businesses have Feb. 1 deadline to provide Forms 1099-MISC and 1099-NEC to recipientsWASHINGTON − The Internal Revenue Service today reminded businesses and other payors that the revised Form 1099-MISC, Miscellaneous Income, and the new Form 1099-NEC, Nonemployee Compensation, must be furnished to most recipients by Feb. 1, 2021.Redesigned Form 1099-MISCThe IRS revised Form 1099-MISC for the 2020 tax year to accommodate the creation of a new Form 1099-NEC. The redesigned 1099-MISC has diff

How to Stop Gold Digger by GARY FALES The other day I was asked why I require the surviving spouse to sign a prenuptial agreement upon remarriage. When I explained the answer, the husband and wife looked at each other and said, I'll never get remarried if one of us dies. It is for these types of people that I started using remarriage protection provisions. If a person never thinks they will remarry they probably will be the most vulnerable.

The addition of the Betterment tool to our investment platform in 2020 has resulted in accelerated growth and service choices for our clients and prospective clients.  Despite the immense challenges of engaging clients and prospects during the pandemic in 2020, through Charter Investment Management LLC, we have been able to differentiate client demographics and add new tools during these tumultuous times.