Happy New Year from all of us here at Hoffman & Associates. We hope this newsletter finds you well.
As we close out 2015, we wanted to share some important information with you and let you know how much we value your loyalty and comittment to our firm. It means the world that you have continued to trust and rely on us through the years and we are confident that our business would not be the same without your support. Looking forward to an even better 2016.
No Kids? An Estate Plan is Still Important
There are certain times in life where the need for a proper estate plan is so clear, its like the wail of a newborn at 3AM. But what if you do not have children? The answer may not be as clear, but it is no less important. Read More
Estate Planning with Retirement Accounts
While many individuals choose to leave their retirement accounts to an individual beneficiary, i.e. their spouse or children, there may be good reason to leave such assets in trust. Read More
Year-End Trust Planning
Year-end tax planning for individuals, trusts and businesses provides not only the opportunity to review the activities of the past year, it also generates an invaluable opportunity to leverage tax planning techniques as they relate to new developments. Many of the tax planning strategies for individual taxpayers are also applicable to trusts. Read More
Educational Savings Plans
As a parent with young children, you are faced with many rewards and challenges. One of which may be saving for the high cost of a college education. However, there are two tax-favored options that might be beneficial: a qualified tuition program and a Coverdell education savings account. In addition, you might also want to invest in U.S. savings bonds that allow you to exclude the interest income in the year you pay the higher education expenses. Each of these options has their benefits and limitations, but the sooner you choose to make the investment in your child's future, the greater the tax savings. Read More
Wishing you health, happiness and prosperity in the new year. All the best to you, your family and your organization.