Blog

Charitable Planning Before the Sale Of Business

Charitable Planning Before the Sale Of Business

Charitable planning in advance of the sale of a closely held business sounds like an effective way to minimize income taxes. The business owner donates stock to a charitable organization or to a charitable trust and receives a full fair market value (FMV) deduction...

read more
Estate Planners Are Wary of 2020 Election

Estate Planners Are Wary of 2020 Election

Clients are concerned about the potential impact of an administration change in 2020, and many planners are already taking action. According to a recent survey of 720 Trust & Estates readers, some 55% report that their clients have expressed consternation about the...

read more
IRS Releases 2020 Inflation Adjustments

IRS Releases 2020 Inflation Adjustments

In Revenue Procedure 2019-44, the IRS has released the official inflation adjustments for 2020, and the adjustments relevant to estates, trusts and gifts are all as expected. For an estate of any decedent dying in calendar year 2020, the basic exclusion amount will be...

read more
To Give or Not to Give…

To Give or Not to Give…

Charles A. Redd discusses the pros and cons of making gifts at this time of a greatly enhanced, historically high basic exclusion amount. At this time, and for the indefinite future, individuals have a greatly enhanced, historically high basic exclusion amount. This...

read more
Tax Law Update: October 2019

Tax Law Update: October 2019

David A. Handler and Alison E. Lothes highlight the most important tax law developments of the past month. • Private letter ruling approves CLAT with term of years determined by formula—In PLR 201933007 (April 22, 2019), the Internal Revenue Service approved a...

read more
Bulletproofing the Estate Plan

Bulletproofing the Estate Plan

Charles A. Redd discusses restrictions on an laws relating to no contest clauses. A beneficiary may be motivated to contest a will or trust instrument because he believes he has sufficient grounds to invalidate the document (for example, due to forgery, lack of proper...

read more
Connecticut Adopts Omnibus Trust Code

Connecticut Adopts Omnibus Trust Code

On June 25th, 2019, the Connecticut legislature enacted Public Act 19-137, an Act Concerning the Connecticut Uniform Trust Code. This massive bill, over 90 pages in length, adopts four major categories of revisions to Connecticut trust law that will greatly enhance...

read more
Why You Must Fear The Estate Tax

Why You Must Fear The Estate Tax

(Forbes) -- The estate tax is dead! Long live the estate tax! Like a Phoenix flaming on the political wind, only to extinguish, then burst anew, this now-you-see-me, now-you-don’t tax is overlooked only at the peril of lasting prosperity. For exposed families, the...

read more

Address

BKA Financial, LLC.

244 W. Water St., Suite 200
Elmira, NY 14901

PHONE

BKA Financial, LLC.

Phone: (607) 732-3050
Fax: (607) 732-3904

Email

BKA Financial, LLC.