Get F.I.T.! Fundamentals of Fiduciary Income Taxation Fiduciary Income Taxation is a logistical necessity in the world of estates and trusts and yet not clearly understood by many beyond tax professionals. This article will shed light on a few key issues and create awareness of several more to promote a keen understanding of the role each team member plays in...
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April 29, 2017
GFS Private Wealth Sponsors the Payton Wright Foundation‘s 9th Annual Golf Tournament
Categorized in: Clearwater, Florida, April 28, 2017 –GFS Private Wealth, who specializes in providing comprehensive investment and life-planning solutions to affluent individuals and their families, was proud to partner with the Payton Wright Foundation as a Tournament Flag Hole Sponsor for their 9th Annual Golf Tournament entitled, “Payton Wright Foundation 9th Annual Golf Tournament”. The proceeds from this event will directly support...
When “Saving Money” Means Wasting Money in Estate Planning In the area of estate planning, Do-It-Yourself (DIY) has entered into many financial services arenas with both positive and negative effects. The dramatic rise in access to information and education related to investments has enabled some who educate themselves and stay abreast of the news to do a fine job managing...
What’s Up, D.C.? Financial Changes on the Horizon It is potentially a time of significant change in Washington, D.C., because a new president is in office. President Donald Trump has a lot on his plate and quite a few issues to address that are more pressing than tax law and regulations. Because tax law changes have yet to be defined,...
Portability: Weird and Wonderful The simplicity and complexity of portability often creates unintended consequences. Avoiding common errors is crucial to make the most of the newest features of the estate tax law, including portability of Deceased Spousal Unused Exemption (DSUE). Wonderful Portability is wonderful in its simplicity. It has the potential to dramatically simplify the estate planning process and the...
The Number One Mistake People Make in Their Estate Plan There are a lot of complex things about estate planning, but the number one mistake people make is coordinating the title of assets with the plan. With all the complexities of property and tax law, fiduciary responsibilities including the choice of executor and trustee, and investment management, having the root...
Dysfunction Junction: The Real Issue in Estate Planning Family dynamics and concerns in leaving assets to heirs should be the primary focus in estate planning. For decades the assets have been prepared for the heirs — now the focus needs to be on preparing the heirs for the assets. Preparing heirs for the assets creates a more difficult conversation between...