Estates

Planning for the future involves more than just wills—it requires smart estate and trust strategies to protect your assets and ensure your wishes are honored. This category covers everything from setting up trusts, estate tax planning, probate processes, and wealth transfer techniques to legal considerations and beneficiary designations. Whether you’re an individual planning your legacy or an advisor guiding clients, these articles help simplify complex topics for better financial security.

Map of the United States with pinpoints representing different states and local tax locations, symbolizing the impact of SALT deduction changes across the country.

Understanding the Upcoming Changes to the SALT Deduction

Beginning in 2025, the state and local tax (SALT) deduction cap will temporarily rise from $10,000 to $40,000, offering short-term relief for many taxpayers in high-tax states. The higher limit will gradually adjust through 2029 before returning to $10,000 in 2030. However, the benefit phases out for individuals with modified adjusted gross income above $500,000, making income planning essential during this temporary expansion period.

Christian Wolff

Oct 293 min read

If you're a farmer, landowner, or just someone with an eye on rural tax policy, there's something in the recently passed One Big Beautiful Bill Act (OBBBA) that might interest you. One of the lesser-known—but potentially impactful—provisions of the bill is Section 70437, which introduces a new tax option for people selling farmland to other farmers.

New Tax Break for Farmland Sales: What’s in the “One Big Beautiful Bill Act” for Farmers?

If you're a farmer, landowner, or interested in rural tax policy, the new One Big Beautiful Bill Act (OBBBA) includes a provision worth noting. Section 70437 introduces a new tax option for those selling farmland to other farmers. Though it's flown under the radar, this change could have significant implications for agricultural land transactions. Here's what you should know.

Christian Wolff

Aug 133 min read

The White House, the official residence and executive office of the President of the United States, viewed from the front with the American flag flying atop the building.

Modernizing Federal Payments: What the New Executive Order Means for Americans

The U.S. government is phasing out paper checks for most federal payments starting in 2025. A new executive order mandates a shift to electronic methods like direct deposit and digital wallets to reduce fraud, cut costs, and improve efficiency. Learn what this change means for individuals, businesses, and agencies.

Christian Wolff

Aug 113 min read

Wrapped gift box with a ribbon placed on a wooden table, symbolizing gift giving and tax planning.

Understanding the Gift Tax Return: Clearing Up the Confusion

Confused about gift tax returns? Learn when you need to file IRS Form 709, how the $19,000 annual exclusion works, and why the lifetime exemption — rising to $15 million in 2026 — means most gifts won’t trigger tax. Clear up the confusion and plan your gifting strategy with confidence.

Christian Wolff

Jul 274 min read