Estate Planning

One Big Beautiful Bill: What Investors and Taxpayers Need to Know

The One Big Beautiful Bill Act (H.R. 1), a legislative behemoth recently passed in Washington, may have a humorous name, but its implications for investors, taxpayers, retirees, and business owners are far from insignificant.

This comprehensive package secures reduced tax rates, modifies healthcare and energy incentives, and restarts the estate planning process for wealthy families. Below, I’ll break down what matters—and how you might want to adjust your planning.

A $1,000,000 Mistake Plus a Few Estate Planning Tips

A guilty pleasure from which I take some satisfaction is reading the r/Marriage subreddit (that's a message board on Reddit.com) in my nightly quest to reach the end of the internet. Normally, it is posts such as “I think my wife is having an affair with the cook at The Waffle House” that help me realize that I’ve probably got it pretty good in the marriage department. But occasionally, I’ll see a post or comment that is also excellent advice. That was the case recently when a widow from Texas posted, “Remembering the good times and sharing some advice for couples.”

Death, Taxes, and Death Taxes

…in this world nothing can be said to be certain, except death and taxes.

— Ben Franklin

The quote above, attributed to Ben Franklin, is a well-known excerpt from a letter to French scientist Jean-Baptiste Leroy in 1789 where he discussed the new Constitution that had recently been adopted in the United States.

President Joe Biden has proposed plans in his first few months in office that may pair those events even more so than Franklin may have imagined.