Author Archives: Tim Kvech
Uniform Trust Code
We often meet clients with existing Irrevocable Trusts and due to personal, financial, and/or family changes, they often wish that they could change or modify these Trusts to meet their current planning goals and objectives. Up until recent years, our … Continue reading
The Opportunity of a Lifetime: Unified Credit Gifting
Each year we look for proactive solutions to help reduce and or eliminate the burdensome and devastating loss of assets due to Estate Taxation. 2012 may be the end of one of our greatest estate planning opportunities. When we discuss … Continue reading
Take Advantage of Year-End Tax Loss Harvesting
Toward the end of each year, you should carefully review your portfolio to determine if you have any holdings that have lost value and have a cost basis below the current market value. Even in a down year, have you … Continue reading
Taxation of Employer-Owned Life Insurance
Several years ago, Walmart used to buy life insurance on many of its employees and Walmart was the owner and beneficiary of the policies. Eventually, Walmart was sued by some of the employees’ heirs claiming that they were never aware … Continue reading
Developing a Family Wealth Mission Statement as a Succession Planning Tool
Did you know that only 30% of businesses successfully transfer to the 2nd Generation, 12% to the 3rd Generation, and 3% to the 4th Generation?* When working with families and business owners during the process of succession, one of the … Continue reading
PSG selected to teach Succession Planning course
Planning Solutions Group is proud to announce that our firm has been selected to teach the Family Succession Planning class at the NADA – ATD Dealer Academy. The National Automobile Dealers Association / American Truck Dealers have a renowned Succession … Continue reading
In Memorium: Robert Bell
On July 10th, our good friend and client, Bob Bell passed away and we lost an icon in the automotive industry. Throughout his career, Bob built and grew several automobile dealerships, but the one thing that he was always the … Continue reading
In Memorium: Wayne Keller
On June 11th, a good client and friend of ours, Wayne Keller lost his battle with Mesothelioma. Wayne and his brother Don were in business for over thirty-five years and we have had the pleasure of working with them for the … Continue reading
Loretta’s Law
On October 1, 2010, the Maryland General Assembly passed and the governor signed into law new changes regarding Maryland financial powers of attorney (Maryland Power of Attorney Act – Loretta’s Law). There are several new changes including execution requirements, statutory … Continue reading
Changes to State Estate Tax Laws
In recent years, the State of Maryland, as well as several other states, have changed their Estate Tax law. Many people that we meet were not aware of this law change or the potential impact it has on their families. … Continue reading
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Don Hannahs
Tim Kvech
Jon Giordani
Larry Briskin
Bob Carson
Brandon Butler
Rebecca Hayes
Richard Osikowicz
Bill Bruns, lll
Chris Dionot
Gregory P. Armstrong
