Resources

The year 2025 is shaping up to be a pivotal one for taxpayers, with significant inflation adjustments set to impact your year-end tax planning. Understanding these adjustments is crucial not only for staying compliant but also for optimizing your financial strategy. This guide dives deep into how these changes will affect various aspects of your taxes, from individual rates to gift and estate taxes. Whether you’re a seasoned taxpayer or new to navigating these waters, this post will equip you with the insights needed to strategize effectively.
The post Year-End Tax Planning in Light of the 2025 Inflation Adjustments appeared first on SD Mayer.

Mortgage points, also known as discount points, are fees paid directly to the lender at closing in exchange for a reduced interest rate. They’re essentially a form of prepaid interest, allowing borrowers to lower their monthly mortgage payments by paying upfront costs.
The post Can You Really Deduct Seller-Paid Points? appeared first on SD Mayer.

Despite its name, the purpose of a spendthrift trust isn’t just to protect profligate heirs from themselves.
The post The Ultimate Wealth Preserver You Need to Know About appeared first on SD Mayer.

Should you place your home in a qualified personal residence trust?
The post Estate Planning with a Qualified Personal Residence Trust appeared first on SD Mayer.

Whether it’s tax-smart to file a joint income tax return the year of a spouse’s death depends on several factors.
The post Navigating Tax Filing After a Spouse’s Death – A Guide for Widows and Advisors appeared first on SD Mayer.

If want to undo an irrevocable life insurance trust, there are ways to do so.
The post Breaking the Barrier: How to Undo an Irrevocable Life Insurance Trust appeared first on SD Mayer.

If you want to build adaptability into your estate plan, consider granting a power of appointment.
The post Power of Appointment in Estate Planning: Flexibility at Its Finest appeared first on SD Mayer.

During divorce proceedings, transferring retirement plan assets can be tricky. Using a qualified domestic relations order may help.
The post How a QDRO Can Ease the Transfer of Retirement Plan Assets in a Divorce appeared first on SD Mayer.

When choosing between a traditional or Roth 401(k) plan, take taxes and your estate planning goals into consideration.
The post Contributing to a Roth 401(k) Plan for Estate Planning Goals appeared first on SD Mayer.