Wisdom in Wealth

Strategies, Stories, and Lessons Learned Over the Course of 25 Years Helping Families Plan Their Financial Lives

Tax Science of Giving Part II

POSTED ON April 29th - POSTED IN trust, Gift Tax, IRS, taxable gifts

By William Beynon & John Walker - In Part 1 of this discussion, we looked at the tax nature of gifts. We reviewed various types of assets to give and their taxable repercussions. We defined a gift in taxable terms as giving dominion[…]

The Rant About Rentals!

POSTED ON October 11th - POSTED IN trustee, trust, rentals, property

By William Beynon & John Walker - The industry agrees that the best portfolios are diversified right? What does diversified mean to you? For most, it means a portfolio of securities like stocks and bonds. In an effort to mitigate[…]

What is a Trust?

POSTED ON August 31st - POSTED IN Grantor Retained Annuity Trust, beneficiary, trustee, trust

By William Beynon & John Walker - Recently John was in a financial planning session with a family where he recommended some trust and estate work. John laughed with his clients when they said, "if we trust our family why do we need a[…]