What You Need To Know Before Loaning Money To Family and Friends

2022-11-02T01:25:12+00:00November 1, 2022|Blog, Family Financial Information|

Close relationships can affect your financial decisions, and sometimes, not for the better. A Bankrate survey found that nearly half of people who helped a loved one financially experienced a “bad” outcome—lost money, a damaged credit score, or harmed relationship.  But does mixing family and money have to be so incompatible? Not if you plan accordingly! Perhaps the best way to protect your financial situation and relationships is with ample thought, consideration, and preparation concerning [...]

5 Creative Ways to Avoid the Gift Tax (Including Paying for College)

2021-12-03T19:26:10+00:00December 15, 2021|Blog, Charitable Giving, College Planning, Taxes|

We’ve officially entered perhaps the highest spending month of the year! In fact, Christmas celebrations are expected to cost 17% more this year when compared to 2019 (you can thank COVID-19 and inflation for that lump of coal).  Despite being “the happiest time of the year,” gifters should beware of another type of Grinch, the gift tax. Giving to others doesn’t have to result in paying extra for your generosity, but how do you give [...]

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