24 August 2018
Benefits of Charitable Giving
Charity is a wonderful act. Giving to charity has many advantages. When people give to charity, they are directly giving to a cause they care about personally. The giver can influence the direction of society both at home and abroad. A giver may choose to donate money to a local literacy campaign, send funds overseas to provide people with access to medical care or help a worthy politician gain public office. In addition, giving to charity also offers certain financial benefits. In the United States, people who donate money to charity can help use their donations to reduce their overall taxes. The savings may be significant over time. This is…
24 August 2018
Ways to minimize Estate Taxes for high Net Worth Households
Having a high net-worth comes with many pleasures but also many responsibilities. One of those responsibilities is estate planning to optimize your living situation for you and your family during your life as well as after your gone. Optimal estate planning can have a profound positive effect on the amount of taxes that you may incur. It is important to have the right approach to this issue and not leave important details to your heirs. When an optimal estate plan is not put into action often very few solutions are left available after you become incapacitated or pass away. Additionally, the amount of taxes and legal fees a passive…