HOW WILL THE NEW TAX LAW AFFECT YOU

How Will the New Tax Law Affect You?

While most of the new tax law has to do with reducing the corporate tax rate from 35 percent to 21 percent, some provisions relate to individual taxpayers, including changes to the estate tax and 529 accounts.

December 27, 2017
Hand holding stacks of cash, symbolizing financial implications and considerations related to documentary stamp tax in estate planning.

Documentary Stamp Tax Pitfalls

One of the questions we're frequently asked is, “Should I add my new spouse to the deed of my house?”  Before deciding whether to do so, you must understand the legal and documentary stamp tax implications of the “gift." You may ask yourself - “What on earth is a documentary stamp tax?”
December 22, 2017
Person holding a debit card, illustrating financial transactions related to end-of-year charitable giving and tax implications.

End of Year Charitable Giving

‘Tis the season for giving - especially for end of year charitable giving. In fact, one third of all charitable giving occurs in December, with the final three days of the year accounting for a whopping 12% of the entire year’s total.
December 7, 2017
Wall Street street sign indicating financial district, relevant to estate planning and charitable giving discussions.

You Can Give Away More Tax Free in 2018

After staying the same for five years, the amount you can give away to any one individual in a particular year without reporting the gift will increase in 2018. Very few taxpayers will have to pay a gift tax in any case.

November 24, 2017
Smiling family with a baby playing on the grass, representing the joy of adoption and family connections in the context of National Adoption Month.

Navigating Adoption In Florida

Navigating adoption in Florida can be confusing. At Murphy & Berglund, PLLC, we have helped parents adopt the most amazing children, and have represented children being adopted into a loving family.
November 1, 2017
Elderly couple signing estate planning documents at home, emphasizing the importance of legal preparation for asset protection and family security.

Estate Planning Tips

An estate plan – especially a trust – can do more than just transfer ownership of certain assets to its beneficiaries. Here are some things that you might not have realized estate planning can do for you:
October 17, 2017
Woman writing on paper with a pen, emphasizing the importance of legal documentation for estate planning and disability documents.

Disability Documents

A huge part of making sure that your family is protected in the event of the unexpected involves having a proper estate plan in place.
October 6, 2017
Mother and daughter sharing a loving moment, highlighting family bonds and support in the context of adoption and estate planning.

Diagnosed with Breast Cancer? Preserve Your Legacy.

October is Breast Cancer Awareness Month, which is an annual movement to increase awareness of the disease. We are here to support the fighters, admire the survivors, honor the taken, but never, ever give up hope.
October 1, 2017
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