A Guide to Schedule K-1 (Form 1041)

Inheriting property or other assets typically involves filing the appropriate tax forms with the IRS. Schedule K-1 (Form 1041) is used to report a beneficiary’s share of an estate or trust, including income as well as credits, deductions and profits. … Continue reading →

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How to Change the Executor of a Will

Drafting a last will and testament can help to ensure that your assets are distributed according to your wishes after you pass away. You can also use your will to name a legal guardian for minor children or choose an … Continue reading →

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Alternatives to 529 Plans – Other Ways To Save For College

While a 529 can be a good way to save for your child’s college, it’s not the only way. Here are some alternatives to 529s that might better fit your needs.
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