(Finally) Finishing Your Tax Returns Isn’t the Final Step
You may already be done with your tax returns (or maybe you even finished them in time for the April deadline!). October 16, 2017 is the deadline to file your 2016 federal and state income tax returns. But even after your returns are filed, there are still a few items on your financial to-do list.
As our client, you probably already have a trust-based estate plan (or we’re in the process of working on one with you). So, you’re on the right track to getting the most from your assets and protecting yourself and your family from financial mismanagement and over-taxation.
However, trust-based estate plans can fail if your assets aren’t properly funded into your trusts or otherwise aligned with your plan. Follow these three easy steps as soon as possible to make sure you’re wrapping up the year wisely by leveraging the time you’ve already spent finishing your tax returns.