Special Assets Archives

9 Top Questions (and Answers) on the SECURE Act

December 30, 2019
/ Advisors Asset Protection Business Owners Business Succession Current Affairs Estate Planning Legacy Planning No.More.Tears. Planning Process Retirement Planning Risk Seniors and Retirement Settlement of Estates Special Assets Tax Tax Planning Trusts Wills & Trusts
/ By Tom Lofton

If you are at or nearing retirement age or planning for retirement, there is some BIG NEWS that everyone needs to understand and act on for their own retirement planning. Just this month, the Setting Every Community Up For Retirement Enhancement (SECURE) Act was passed by the House of Representatives and the US Senate by […]

The “ESSENTIAL” Send Off Packet for ALL College Students (and Adult Children)

Your kids are either coming home for the holidays or possibly even getting ready to start college after the first of the year in some cases. Either way, it is critically important to send them off to college with an ESSENTIAL PACKET to protect them and you as their parents. We’re not talking about supplies […]

Why You Would Want a 529 Plan for You and Your Kids

The buzz has been out there now for a little while but there is still a lot of confusion about 529 Plans when I speak to parents. As with anything relating to investments or potential tax savings, things aren’t always as clear as we would like them to be. And there are lots of people […]

It’s HERE…the Tax Tables Everyone Needs to Know for 2020

One of the most anticipated (and dreaded) time of the year is when the IRS releases the tax rates for the upcoming year. It almost always happens in the last couple of months of the year. While everyone hopes their rates will go down, for most, they either aren’t going to change significantly or could […]

Don’t Forget About Your “Other” Loved Ones…Your Pets

Are you (or do you know) one of those pet owners who is “over the top” passionate about their pet? They are a member of the family and are loved as much as anyone else in the family. Their pets might even get more attention when it comes to posting pictures on social media than […]

The “Four Pillars” You Need in Your Estate Plan so it “Works” the Way You Want It To

Regardless of whether you have an estate plan in place or are just starting to think about one, there are some key elements everyone should know about (or refresh their thinking about). It will be worth your time to refresh yourself (or educate yourself) on some core goals you should consider when thinking about estate […]

What is “The QBI Pass Through” (simplified) and How Does it Help Me as a Business Owner?

August 21, 2019
/ Advisors Asset Protection Business Formation Business Owners Farm Families International Individuals and Families No.More.Tears. Planning Process Real Estate Risk Special Assets Tax Tax Planning
/ By Tom Lofton

Unfortunately, like many aspects of the law, the new QBI deduction is complex and regulations to explain the application of this provision have only partially cleared up some of the confusion surrounding its usage. Let me try and simplify this for you so you can hopefully take advantage of all it has to offer.One of […]

What is a “DAPT” and Why You Should Care About It

Let me start by defining what “DAPT” stands for…Domestic Asset Protection Trust. Still confused by what it means? Many are as it isn’t something that is simple and easy to understand in the first pass. I will hopefully help you understand it better and offer you some ideas on how it can be used so […]

Amy Winehouse got her will right

While signers and movie stars are not a large part of my estate planning practice, it is sometimes fun to look at what happens to the “rich and famous” when it comes to their estate planning…at least I think it is fun. Often times we think that just because someone has a significant amount of […]

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