It is great advice to prepare a will, do it today!

If you don't make a will before your death, state law will determine who gets your property and a judge may decide who will raise your children (and either or both may not be whom you would have chosen).
US Tax Pros helps you to write this important document. A basic legally binding will:

• leave your property to the people and organizations you choose
• name a guardian to care for your minor children if you can't
• name someone to manage property you leave to minor children (yours or someone else's), and
• name your executor, the person with authority to make sure that the terms of your will are carried out.

Taxation Of Dividends
Dividends are distributions of money, stock, or other property paid by a corporation. Dividends may also be received through a partnership, an estate, a trust, or an association that is taxed as a corporation. Dividends and other distributions received as a beneficiary of an estate or trust are generally taxable income. In certain circumstances, part of a child's investment income may be taxable in the hands of the parent(s).

Taxation Of Capital Gains
Gains made on the sale of property are taxable as capital gains; gains made in the course of trading are more likely to be taxable as business income. Many types of 'trade' (meaning, often, exchange) however are classified as sales.

For a trade (exchange) to be non-taxable, it must meet all six of the following (somewhat abbreviated) conditions:

• The property must be business or investment property;
• The property must not be held primarily for sale;
• The property must not be stocks, bonds, notes, choses in action, certificates of trust or beneficial interest, or other securities or evidences of indebtedness or interest, including partnership interests;
• There must be a trade of like property;
• The property to be received must be identified in writing within 45 days after the date of transfer the property given up in the trade;
• The property to be received must be received by the earlier of the 180th day after the date on which the property given up in the trade is transferred, or the due date, including extensions, for the tax return for the year in which the transfer of the property given up occurs.

A trust is basically a contractual agreement by which a person, usually called the settlor or donor, gives property to another person, who can be an individual, a group of persons, a bank, etc., with directions to that person -- who is called a “trustee” -- to hold that property for the benefit of another person or persons or class of persons. Those directions are what form the heart of the “trust agreement”.

We help our clients sift through the intricacies and draft these documents as smoothly as possible.

Right decisions made now will impact greatly your financial future. Future management and ownership plans can impact your personal financial profile as well as your tax status, your overall estate, and your long-term goals.

The longevity and success of your business also depends on the choices you make for future succession plans. It is imperative to have a plan that helps you build transferable value in the company while meeting personal challenges and opportunities to build wealth.

US Tax Pros helps our clients create and sign the documents, including wills, trusts, IRA and pension designations, family partnerships and others, that minimize or eliminate the estate taxes that would be imposed at your and/or your spouse’s death.

Through our thorough approach, leaving no stone unturned, you can preserve more of your estate wealth and reduce estate taxes as a result of favorable estate and gift tax rates and exemptions introduced by the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.

The Right Time to Start Planning for Your Retirement is Now.

In order to ensure your future security in latter years, you must put a plan in place to secure it. Depending on how you want to live in retirement, this affects how long you will work, and what to do today with the resources you have.

Our team will listen to your specific goals and then offer clear, individualized roadmap to your destination.
 

In case you need help

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Hours a day: (484) 821-7904
Monday-Friday: 9am to 5pm
Saturday: 10am to 2pm

 

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508 Avenue of the States,
Chester, PA 19013,
fax: (610) 499-3148
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