GPKLEG Blog
News & Helpful Tips
If you’re a real estate developer or a small business owner who owns commercial real estate, you might be thinking
Estate planning can be overwhelming. One reason is that it has a language all its own. While you may be
You’d be surprised how often people fail to disclose foreign assets to their estate planning advisors. They assume that these
If you’re thinking about selling stock shares at a loss to offset gains that you’ve realized during 2022, it’s important
Two tax benefits are available to offset the expenses of adopting a child. In 2022, adoptive parents may be able
If you’re taking a second trip down the aisle, you may have different expectations than you did when you got
Many people have savings bonds that were purchased many years ago. Perhaps they were given to your children as gifts
These days, most businesses have some intangible assets. The tax treatment of these assets can be complex. What makes intangibles
You create an estate plan to meet technical objectives, such as minimizing gift and estate taxes and protecting your assets
The holiday season is here and many people plan to donate to their favorite charities or give money or assets
The effects of inflation are all around. You’re probably paying more for gas, food, health care and other expenses than
Among the many decisions you’ll have to make as your estate plan is being drafted is who you will appoint
No one needs to remind business owners that the cost of employee health care benefits keeps going up. One way
How much can you and your employees contribute to your 401(k)s next year — or other retirement plans? In Notice
A new tax-advantaged way to help children build up savings for the future was created by the One Big Beautiful
Choosing an executor is one of the most important decisions in the estate planning process. This person (or institution) will
If you itemize deductions on your 2025 individual income tax return, you potentially can deduct donations to qualified charities you
An important decision to make when filing your individual income tax return is whether to claim the standard deduction or
Many people think of estate planning as a “one-and-done” task — something you complete and file away. But an estate
If you own a business or are self-employed and haven’t already set up a tax-advantaged retirement plan, consider establishing one
The deadlines for filing 2025 tax returns (or extensions) are fast approaching. Although most tax planning moves must be completed
Irrevocable trusts provide various estate planning benefits, such as reducing estate taxes and helping to ensure assets are distributed as
An advance payment is one received by a business before it provides whatever is being paid for. For federal income
It’s not uncommon for family members to contest a loved one’s will or challenge other estate planning documents. But you
If you had significant medical expenses last year, you may be wondering what you can deduct on your 2025 income
If you own a business or are self-employed and haven’t already set up a tax-advantaged retirement plan, consider establishing one