Davidson News

Davidson News

Maximizing Your Estate Plan: Tax-Saving Strategies for Today

Utilizing Upstream Basis Trusts with General Power of Appointment (GPOA) Considerations for Delegating Authority According to Kiplinger, by creating an upstream basis trusts with a general power of appointment (GPOA) people can lower capital gains taxes on assets sold while they’re alive. The GPOA lets an older family member decide how trust assets are divided … Read more

Arizona Attorney General Seeks to Prevent IRS Taxation of Family Rebates

Arizona Attorney General Kris Mayes is taking legal action to prevent the Internal Revenue Service (IRS) from taxing last year’s family rebates. In response to the IRS’s decision to tax these rebates, Mayes has filed legal papers urging a federal magistrate to intervene. The rebates, totaling up to $750 for eligible families, were distributed as … Read more