Tax Brackets

Currently there are seven tax brackets ranging from 10% to 37%. The dollar amounts that define these brackets change depending on varying factors.  These factors include whether or not you are a single filer – or are you married? Filing jointly or separately? Are you the head of your household?  The brackets vary depending onContinue reading Tax Brackets

Three Parties To A Trust

When you hear the word “trust” how does it make you feel? Do you get a little nervous and start questioning the intricacies of this complex topic? Well, I’m here to tell you, it’s not as complicated of a concept as you might think.  Let me break it down for you. There are three partiesContinue reading Three Parties To A Trust

Revocable VS Irrevocable

If you’ve ever looked at a trust document, you probably have seen the terms “revocable” and “irrevocable” trusts. Just so you know, 100% of trusts are either revocable or irrevocable. So what do they mean? Quite simply put, a revocable trust is a changeable trust. it’s easy to dissolve and move assets in and outContinue reading Revocable VS Irrevocable

Three Types of Trusts

I’m going to paint a picture for you. You’re meeting with an attorney who turned over a trust document to you and you’re overwhelmed. You’re met with all these big legal words that make zero sense to you. I’m talking words like  “grantor,” “non-grantor,” “irrevocable”… Seeing all these confusing terms, well, that can be aContinue reading Three Types of Trusts

Captive Insurance

I get asked about captive insurance companies all the time. This can be a great option to add to your practice if done the right way. So let’s start off with a quick overview.  First, a captive is a property and casualty insurance company. Think of it as your own personal State Farm.  Let’s justContinue reading Captive Insurance

Cost Segregation Study

I want to talk to you about how cost segregation studies can help you in your business. But, before we get into this, I want to backtrack a bit. Let’s talk about depreciation.  Simply put, depreciation is the “useful life” of something. Just about everything can be depreciated: computers, furniture, cars, rental properties, and soContinue reading Cost Segregation Study