UbcNews

Did you know the IRS adjusted tax law provisions involving 2024 tax brackets, credits, and deductions? More importantly, do you know how these changes will impact your estate plan?

Get the advice you need to take advantage of "use it or lose it" exemptions scheduled to expire next year by working with an expert Goldstone Financial Group advisor right now.

With an update to provisions in the Internal Revenue Code, now is a good time to revisit your legacy plan. Make sure your assets are distributed according to your wishes and that taxes imposed on your family are minimal, or altogether eliminated.

Maximizing gifts through the newly increased annual exclusion provision can help you reduce the taxable amount of your estate, minimizing or eliminating your estate tax liability. Updating estate planning documents like your will and trusts in partnership with the expert advisory team at Goldstone Financial helps you take advantage of strategies you might not realize are available to you now.

Here's what a spokesperson for Goldstone Financial Group in Brentwood had to say:

“The result of current tax laws sunsetting on December 31, 2025, could be tax increases across the board. This means now is the time to consult with one of our estate planning advisors for advice on strategies like Roth conversions to lower your tax bracket, which in turn lowers your tax liability and can leave a tax-free legacy for your beneficiaries.”

In addition to potential Roth conversions, Goldstone Financial says retirees with high-net-worth estates should think about updating wealth transfer and estate planning gift strategies before the newly expanded lifetime unified credit exemption changes, and amounts that can be passed tax-free are potentially cut in half.

Goldstone Financial Group’s estate planning services can help you with this, and other vital legacy considerations like asset distribution decisions, your desired end-of-life care, and all the details that make up a robust and resilient legacy plan.

From creating a living will and setting up trusts to planning inheritances and minimizing your taxes, Goldstone advisors are here to ensure you enjoy the peace of mind you deserve with a solid legacy plan in place.

Get up-to-date solutions that minimize - even eliminate - your family's tax burden to ensure you leave a lasting positive impact on your family's future generations.

Let's put those tax advantages to work for you now, before the powers that be yank all the favorable provisions. Click on the link in the summary to connect with Goldstone Financial Group.

Goldstone Financial Group City: Oakbrook Terrace Address: 18W140 Butterfield Road Website https://goldstonefinancialgroup.com/ Phone +1-630-620-9300 Email contactus@goldstonefinancialgroup.com