Short, simple action steps to help families like yours avoid probate, save on taxes, and be prepared when “the time” comes. It’s written with heart, a little humor, and zero fluff. If you want practical tips on being a good steward of your parents’ legacy (and your own), sign up here! MUST CONFIRM SUBSCRIPTION - CHECK SPAM FOLDER AFTER SUBSCRIBING FOR THE LINK!
Capital Gains Got You Down?
|
Navigating Your Financial Future Doesn't Have to be a Headache Hey Reader, Ever get the feeling the tax code was written by people who assume you know a guy? Well… now you do! Here’s a lesser-known move that could save your family tens of thousands in capital gains taxes—without needing an offshore account or a secret handshake! Winning! Let’s say you own a stock that soared over the years. Great for your net worth. Not so great when you go to sell it and owe a huge chunk in capital gains. A few things to keep in mind:
Want the asset to come straight back to you? Use a Transfer on Death account. It skips probate and makes sure your generous gift doesn’t end up with a long-lost sibling. Bottom line: This move isn’t shady. It’s just smart! And for the right family, it can quietly erase a six-figure tax bill. If you're wondering whether this could work for your situation, let's chat! Book a quick call here and we can talk about it! |
The Formula Wealth Report
Short, simple action steps to help families like yours avoid probate, save on taxes, and be prepared when “the time” comes. It’s written with heart, a little humor, and zero fluff. If you want practical tips on being a good steward of your parents’ legacy (and your own), sign up here! MUST CONFIRM SUBSCRIPTION - CHECK SPAM FOLDER AFTER SUBSCRIBING FOR THE LINK!
Smart Money, Made Simple Navigating Your Financial Future Doesn't Have to be a Headache Hey there,Here’s something you don’t hear every day: long-term care costs can sometimes be tax-deductible. No, really! If you’re helping your parents with elder care, assisted living, or medical appointments, there’s a chance Uncle Sam might actually give you a little relief—if you know how to ask. What counts? Memory care In-home caregivers Assisted living (when it’s for medical need) Even mileage to...
Smart Money, Made Simple Navigating Your Financial Future Doesn't Have to be a Headache You don’t need a Rockefeller-sized yacht to need a trust. A regular ol’ family home will do the trick! If your parents own a house, have property out of state, or want to avoid turning their estate into a courtroom drama, a revocable living trust is a no-brainer. Here’s why: Without a trust or named beneficiary, assets titled solely in your parent’s name go through probate. With a trust? Assets pass...
Navigating Your Financial Future Doesn't Have to be a Headache! Hey Reader, Let’s be honest: most families aren’t totally sure if their financial plan is complete. You might have a will... somewhere. You might have 401ks... scattered across 3 firms. And when it comes to taxes, investing, and retirement planning? Let’s just say the phrase “we should really deal with that” comes up a lot. Enter: The Life Audit It’s a short-term, flat-fee planning engagement designed for families who want a...