Anchin’s Post

Giving money and gifts to grandchildren is something many grandparents look forward to and enjoy doing. While modest gifts can be easily managed, substantial transfers require careful planning. Visit our website for a range of considerations to think about when transferring wealth to grandchildren. https://lnkd.in/gcsBEHRa #sidneyBC #victoriaBC #investing #wealthtransfer

Funeral homes play a crucial role in our communities, providing essential services during life's most challenging times. Tax credits offer significant benefits to these important institutions: * Operational Savings: Tax credits reduce overall expenses, allowing funeral homes to maintain high standards of care and service. * Investment in Innovation: With additional funds, funeral homes can upgrade their facilities and adopt the latest technologies, ensuring a better experience for all. * Enhanced Community Support: Lower financial pressures mean funeral homes can offer more affordable services, helping families manage costs during difficult times. Tax credits not only support the businesses but also the communities they serve. Let's recognize and appreciate these benefits! Learn more now ↓ https://buff.ly/4aWf9ux #FuneralHomes #TaxCredits #CommunityCare #BusinessBenefits #SmallBusinessSolutions

New blog posted! "14 Ways to Show Your Finances Some Love This Year - Part 2" Don’t underestimate the power of spreading love through financial generosity. Did you know you can gift up to $18,000 per person to an unlimited number of people each year? This allows you to share your wealth with family and friends in a tax-efficient manner. These gifts not only escape taxation but also foster stronger connections and deepen relationships with your loved ones. Whether it’s helping with educational expenses, supporting a dream vacation, or simply offering a helping hand, annual exclusion gifts embody the spirit of giving and strengthen the bonds that matter most. Read more...... (Link in comments)

Grandparents often delight in giving money and gifts to their grandchildren. This article provides important insights into the key factors involved in transferring wealth to the next generation. For tailored financial guidance, please contact our team—we're here to assist you. https://lnkd.in/g43qfjNs #calgary #yyc #wealthtransfer

“Anyone can make a yearly gift to a person of up to $17,000 tax-free, or $34,000 per couple, but parents and grandparents can financially help children in other ways that don’t trigger gift taxes. They can make direct tuition payments to schools or universities, which is tax-free. Unlike a 529 school savings plan, there is no limit to how much can be given. Parents and grandparents can also help with down payments on a child’s home without paying gift taxes…. High-net worth families may worry that large financial gifts can disincentivize work. Financial advisors say these are urgent questions for ultra-high-net-worth families as generous federal estate tax rules are set to expire in 2026. Currently individuals can give up to about $13 million ($26 million for couples) tax-free in their estate plan; this amount would be halved if Congress lets these exemptions expire. The advisors say families in this situation can use spendthrift trusts to dictate the terms of when and how the trustee can access the money, mitigating some of those concerns.” #estateplanning #wealthplanning #wealthtransfer

Three questions from our latest: • Why is the governor still doling out pandemic money years after the pandemic is over? • How much of that pandemic money is still waiting to be spent? • Why is he the only person in the state of Wisconsin who gets to decide how to spend it?

A vital part of engagement from the younger generation is encouraging them to participate in family events and meetings. Getting beneficiaries involved in the “what and the why” of the existing wealth plan early helps to set expectations and allows for the ability to learn over time. For more on how to bridge the knowledge gap with beneficiaries of silent trusts, check out our website. https://lnkd.in/eJJv3N-S #TrustUsWithYourFamilyLegacy

Learn more and register for this Northern California Grantmakers event: "In The Red: Philanthropy’s Role In California’s Budget Woes, The Impacts And Solutions":

Many grandparents enjoy giving money and gifts to their grandchildren. This article offers valuable insights into the various factors to consider when transferring wealth to the next generation. For personalized financial advice, please reach out to our team—we're here to help! https://lnkd.in/eH7wZduK #halifax #novascotia #wealthtransfer

Trusts, gifts, annual exemptions… there is a lot to think about with #EstatePlanning, especially for #HighNetWorth individuals. Our latest blog tells all: https://ow.ly/T5L950Smoj6