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Tax and Non-Tax Advantages of Trusts

Trusts are traditionally used for minimizing estate taxes, and can offer other benefits as part of a well thought-out estate plan.  AAFCPAs advises clients to think about the benefits of establishing a trust as a method to control your wealth, protect your legacy, and avoid probate.  We have provided the below overview, and summary of the different types of trusts and their unique benefits. What is a Trust? A trust... continue reading

New President, Congress May Mean Changes to the Federal Gift and Estate Tax

With a new President and Congress, AAFCPAs anticipates there will likely be major changes to our tax code in a year or two.  Among those are possible changes to the federal gift and estate tax.  Currently there is a 40% federal tax on everything we own at the time of our death, and on gifts made during our lifetime.  There is also currently a combined federal estate and gift tax... continue reading

AAFCPAs’ Joy Child Earns Business Valuation Credential

AAFCPAs’ Joy Child Earns Business Valuation Credential

AAFCPAs’ Partner Joy Child, CPA, ABV, PFS, has been awarded the Accredited in Business Valuation (ABV) Credential by the American Institute of Certified Public Accountants (AICPA).  Joy brings over 30 years of diverse experience to AAFCPAs’ clients, and she was awarded the ABV credential in recognition of her earned expertise in business valuation, and her passing of the rigorous two-day exam. Joy is a member of AAFCPAs’ Business Valuation practice,... continue reading