Gifting

One of the common questions this time of year is “How much can I gift to family members without tax consequences”? It’s certainly a loaded question, and the answer is, it depends. Let me explain...

By: John P. Napolitano, CFP®, CPA, PFS, MST

As summer settles in and families spend time together, many think about making gifts to charities or loved ones as a part of shedding assets in their estate or simply sharing the wealth. This could be for estate tax planning, the fear of loss through a long term illness or simply for philanthropic purposes.  Here we are going to discuss a few ways that high net worth taxpayers can utilize their wealth for the next generation now rather than after they pass..

By: John P. Napolitano, CFP®, CPA, PFS, MST

By now, most folks are finished with their year-end and holiday gifting. Just in case you’re one of the millions of last minute shoppers with no idea what to get for your closest family members, consider helping them get some financial things done that are frequently unattended.

By: John P. Napolitano, CFP®, CPA, PFS, MST

This time of year we all receive those same email, telephone or direct mail solicitations from a charitable organization asking for a donation to support a needy group. It isn’t easy to say no as the solicitors are well trained at pulling your heart strings to get you to open up your wallet. But a better plan is a thoughtful approach to philanthropy to avoid knee jerk reactions based solely on emotion.