Purchasing permanent life insurance policies for key executives or other specific employees or directors is a common practice for banks and bank holding companies. Since it pays the premium up…
Strategies to Maximize Charitable Giving in the Post-Tax Reform Landscape
The Tax Cuts and Jobs Act turned conventional planning wisdom on its head, thanks to the substantial increase in the standard deduction and changes to allowable itemized deductions. In the…
New Estate and Gift Planning Opportunities Unlocked by Tax Reform
For individuals considering their financial legacy, several provisions of the Tax Cuts and Jobs Act (TCJA) unlock new estate planning and gifting opportunities. Under the TCJA, the maximum federal estate…
Will You Be Able to Deduct Mortgage & Home Equity Loan Interest in 2018?
Almost 33 million Americans claimed home loan-related deductions in 2016, but fewer homeowners may be able to reap such benefits in 2018 due to tax reform changes. The final version…
