One of the most famous axioms that individuals hear when discussing wealth is that “you can’t take it with you when you go.” This adage could be considered the primary ethos behind the process of estate planning. Estate planning is the preparation for the distribution of an individual’s assets and real and personal property upon their death. At the heart of estate planning lies the formal creation of a will, which includes naming an executor. An executor of an estate is an individual tasked with locating and assembling the assets of an individual’s estate. In this article, we’ll further explore the executor of an estate, including executor responsibilities and duties.
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“Planning is bringing the future into the present so that you can do something about it now.” ~ Alan Lakein

Tax planning is a concept which has become a more prevalent topic in American’s lexicon since the passage of the Tax Cuts and Jobs Act, which became law in December of 2017. Tax planning is the analysis of your financial situation from a tax perspective and has several beneficial advantages that can help you leverage tax benefits, preserve investment returns, structure charitable donations, protect and secure financial support for dependents, and prepare for a secure retirement. If you’re looking to reduce your taxes or increase your tax refund for 2020, here are some tax planning basics to follow.
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