Insights
Perspectives & News
Market commentary, tax and estate guidance, and firm news, in plain English.
Tax Planning
Embracing the Impact of Donor Advised Funds: A Smart Approach to Tax Efficient Philanthropy
Donor Advised Funds are charitable investment accounts that facilitate gifting of cash, securities, or other assets into a fund that is managed by a trusted institution.
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Estate Planning
All About the Probate Process
By: Matt Rose, CFP®, Financial Advisor When it comes to estate planning, it is important to structure your assets to pass efficiently and effectively to your beneficiaries. To be best prepared to do this, one must understand the probate process. Probate is a legal process that…
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Tax Planning
What are the Benefits of a Stepped Up Basis?
A stepped up basis is an adjustment to an asset’s cost basis to the fair market value of the asset at the time of the decedent’s death.
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Tax Planning
Social Security Taxation
Social Security income is designed to replace a percentage of a worker’s pre-retirement income in order to get them through retirement securely. While the significance of Social Security may differ with each retiree’s circumstances, it is nevertheless important to understand…
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Financial Planning
Tips for Preventing Fraud
Cybercrime and fraud are serious threats and constant vigilance is key. While MCF plays an important role in helping protect your assets, you can also take action to protect yourself and help secure your information. This checklist summarizes common cyber fraud tactics, along…
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Tax Planning
A Look into Tax Loss Harvesting
Tax Loss Harvesting is a term that gets thrown around frequently in the wealth management industry, but is infrequently accompanied by a definition, purpose, or real-life examples. Let’s look at what tax loss harvesting is, why it is important, and one example to help…
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