Increase in Contribution Limits to Tax-Deferred Retirement Savings Plans

changes to retirement savings limits

The following is a video of an interview with paralegal Brandi Litteral and attorney Jonathan Mishkin. In this interview, they discuss the recent increase in contribution limits to tax-deferred retirement plans and cost-of-living adjustments for tax year 2023. Brandi: Thanks for joining Jonathan Mishkin, a trusted expert in tax law and tax controversy. I’m your…

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How The SECURE Act Can Affect Estate Planning

SECURE Act Can Affect Estate Planning

Estate planning is imperative to protect your loved ones and ensure your wishes are carried out just how you would like. However, it can be a complex process to navigate. Furthermore, there have been recent changes made to the landscape of retirement and estate planning such as the SECURE Act. The Setting Every Community Up…

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Reporting Non-Employee Compensation with the IRS

how to calculate tax on investments

The following is a video of an interview with paralegal Brandi Litteral and attorney Jonathan Mishkin. In this interview, they discuss reporting non-employee compensation with the IRS. Video Transcript: Brandi: Thanks for joining Jonathan Mishkin; a trusted expert in tax law and tax controversy.I’m your host and Jonathan’s paralegal, Brandi.Today Jonathan will discuss reporting non-employee…

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What To Consider During Business Succession Planning

Business Succession Planning

Strategic succession planning is crucial to the successful functioning of businesses, particularly a family run or other closely held enterprise. Failing to take sufficient steps to maximise the benefits of succession planning can make a significant difference to the long-term outcomes. Changes in ownership structures and business objectives and operations can bring about substantial transfers…

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4 Challenges Of Estate Planning For Blended Families

Blended Family Estate Planning

Families come in all shapes and sizes – but some are more difficult to navigate. With the rising divorce statistics, it’s no surprise that blended families are becoming more common. Estate planning for this type of family is crucial to avoid complications after one spouse passes. Organizing anything with a blended family can be difficult…

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Guardianship vs. Conservatorship – What You Should Know

Guardianship vs. Conservatorship - What You Should Know

Guardianships and conservatorships are tricky legal processes. For many people enquiring about putting one of these systems in place, they have no idea where to start – unsure which one they should even be considering. These terms can be used differently state by state, so it’s vital that you look into the range of powers…

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The Difference Between Family Trusts and Wills

Family Trust and Wills

If you’re researching wills and family trusts, chances are that you’re looking to make arrangements for the management of your assets. As people start to plan for the distribution of their estate, it’s very common for there to be confusion surrounding these two procedures. Many confuse them for being the same thing, though they actually…

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What is Estate Planning?

What is Estate Planning

It can be a tough subject to think about, and it’s more than understandable to feel saddened or push it to the bottom of your priority list. However, estate planning is a crucial step in securing your family’s and/or business’ future. We know it can be overwhelming for many people to contemplate where to start…

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