by Erin Buss | Jan 28, 2025 | News
Paying income tax on most retirement distributions Most inherited assets such as bank accounts, stocks, and real estate pass to your beneficiaries without income tax being due. However, that’s not usually the case with 401(k) plans and IRAs. Beneficiaries pay...
by netsourceinc | Nov 4, 2024 | News
November 2024 Outlooks Read Our Economic Outlook Southeast Trust is here to help simplify and consolidate the extensive economic data we see daily by providing three articles that summarize informtion. These short and informative articles include a summary and...
by netsourceinc | Sep 13, 2024 | News
Charitable giving can play an important role in many estate plans. Philanthropy cannot only give you great personal satisfaction, it can also give you a current income tax deduction, let you avoid capital gains tax, and reduce the amount of taxes your estate may owe...
by netsourceinc | Sep 12, 2024 | News
What are the benefits? Peace of mind You believe your assets are going to increase, but you aren’t rich. You want to protect your children in case something happens to you before you become wealthy. In this case, buy insurance and name your spouse or children as...
by netsourceinc | Aug 20, 2024 | News
This question may seem simple, but the answer is not so easy. In fact, there are experts who make their living answering just this question. Estate tax liability depends on the year in which you die and the value of your estate when you die (see the following chart)....
