PRW News

Estate Tax Exemption – 2016 Update

In 2011, the American Tax Payer Relief Act (ATRA) changed the rules for the gift tax, estate tax, and generation-skipping transfer (GST) tax exemptions by creating a unified exemption amount that is indexed for inflation.  The ATRA created a base exemption amount of $5 Million, which has been steadily increasing due to annual inflation adjustments. Please click on the link …

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Entrepreneurship of All Kinds

On Tuesday November 3rd, PRW Principal, Co-Founder and Babson College Trustee Rick Renwick took part in an event at The Atrium at the John Joseph Moakley United States Courthouse celebrating “Entrepreneurship of All Kinds®”.   Sponsored in part by The Greater Boston Chamber of Commerce, Babson College and Citizens Bank, the event featured discussions with some of Boston’s top entrepreneurs, including …

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Bipartisan Budget Act of 2015

On November 2, 2015, President Obama signed into law the Bipartisan Budget Act of 2015, legislation that raises the federal debt limit and establishes the framework for a two-year budget deal.  The legislation, needed to avoid an impending default on U.S. debt, also contains multiple unrelated provisions, including an elimination of two Social Security retirement benefit claiming strategies and a …

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Investment Commentary – Q3 2015

PRW Wealth Management LLC produces Quarterly Client Letters and Investment Commentaries. Look for one each quarter.  Click  below to download the PDF for 3rd Quarter 2015: Q3 2015 Investment Commentary

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Business Succession Planning

When developing a succession plan for your business, you must make many decisions.   Should you sell your business or give it away? Should you structure your plan to go into effect during your lifetime or at your death? Should you transfer your ownership interest to family members, co-owners, employees, or an outside party?   The key is to pick …

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Charitable Giving

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 when you die. Click below for a helpful piece on Charitable Giving: Charitable Giving   …

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Continuing Financial Challenges for Social Security & Medicare

Every year, the Trustees of the Social Security and Medicare trust funds release reports to Congress on the current financial condition and projected financial outlook of these programs.  The 2015 reports, released on July 22, 2015, show that, despite some encouraging signs, both programs continue to face financial challenges that should be addressed as soon as possible.   Continuing Financial …

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2015 State Estate Tax & Inheritance Tax Chart

Please click the link below for a detailed list of states that levy some sort of tax on a decedent’s estate.  States that are not listed do not apply a tax to the transfer of property at death.  This list was up to date as of June 2015.  However, state laws change frequently and the following information may not reflect …

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Leveraging an IRA to Build a Legacy

Individuals with IRA accounts can reduce the potential impact of estate taxes and “income in respect of a decedent” (IRD) taxes at death, and thereby enhance their legacies, with careful planning.  The following piece presents options for individuals with IRAs to maximize their charitable legacy and increase the inheritance to their children and grandchildren. Leveraging an IRA to Build a …

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Investment Commentary – Q2 2015

PRW Wealth Management LLC produces Quarterly Client Letters and Investment Commentaries. Look for one each quarter.  Click  below to download the PDF for 2nd Quarter 2015. Q2 2015 Letter

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