Get ready to pay Capital Gains Tax when you sell an asset including stocks or real estate for a profit It's a good problem to have But as Peter Richon with Richon Planning explains to Erin Kennedy there are some strategies that can help you avoid or minimize capital gains tax including Paying the Tax Now in a Low Tax Rate Environment Donor-Advised Funds DAFs Tax-Loss Harvesting Holding Periods Charitable Remainder Trusts CRTs Each of these strategies comes with its own rules and potential pitfalls so it's essential to consult a tax advisor or financial advisor to tailor the approach [... more]

There are unique reasons Charitable Remainder Trusts are good options for your Estate Plan In this video Peter Richon with Richon Planning and Erin Kennedy explain how a crt works it is an irrevocable trust that allows you or a designated beneficiary to receive an income stream for life After you die the remainder of the assets in the trust are donated to your charity or charities of choice Peter also walks through those benefits including You Can Save on Taxes You Can Increase Your Income You Can Support Worthy Causes You Can Protect Your Money from Creditors Naming the [... more]