Bull Strategic Wealth

Medical Professionals: A Prescription for Your Financial Health Medical professionals may consider seeing a financial professional to ensure their finances receive proper care.

Getting Help from a Financial Professional Find out how you could benefit by seeking help from a financial professional.

Charitable Deduction The charitable deduction allows you to deduct the value of property you give to charity from your estate and may reduce any federal gift and estate tax that may be owed. Charitable gifting allows you to satisfy your personal philanthropic desires and fulfill your estate planning objectives.

Is It Time to Declare Your Financial Independence? Financial independence is freedom from the financial obstacles that are keeping you from living life on your own terms.

What Is Subject to Tax? After you die, your estate may have to pay federal gift and estate tax and federal generation-skipping transfer (GST) tax) (together referred to here as estate taxes) on wealth you have given away by will or by intestacy (if you don't have a will) at death (this wealth is referred to as the gross es...

Adjusting to Life Financially after a Divorce After a divorce, it's important to take a fresh look at your finances.

Transferring Your Business Using an FLP, S Corporation, or LLC You can transfer your business by using a family limited partnership (FLP), an S corporation, or a limited liability company (LLC).

Individual 401(k) Plan An individual 401(k) plan is really nothing more than a combined profit-sharing plan and 401(k) plan implemented by a self-employed individual or small business owner with no full-time employees (unless the full-time employee is the owner's spouse). These plans, which went into effect after passage....

Trusts for Families There are a number of family trusts that estate planners generally no longer use, either because they have lost certain tax benefits or because they are simply no longer a favored method of gifting. These trusts include the Clifford trust, the pot trust, and the Crown trust.

Community Property Community property laws establish a set pattern of property ownership for married couples. To date, community property laws are effective in 10 states: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin have mandatory systems while Alaska has an optional syst...