Christopher Genetti, MBA, CFP®, CWS®’s Post

Itemized Deductions and Charitable Contributions Be aware of potential changes in legislature that could affect your charitable contributions. #FamilyWealthPlan #WealthPlan #LionsWealth #LionsWealthManagement #Tax #TaxPlanning DISCLAIMER **The commentary presented herein contains the opinions of Lions Wealth Management, Inc., a State of Minnesota Registered Investment Advisor. This information should not be relied upon for tax purposes and is based upon sources believed to be reliable. No guarantee is made to the completeness or accuracy of this information. Lions Wealth Management, Inc. shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, the information, data, analyses or opinions contained herein or their use, which do not constitute investment advice, are provided as of the date of posting, are provided solely for informational purposes, and therefore are not an offer to buy or sell a security. Investments in securities are subject to investment risk, including possible loss of principal. Prices of securities may fluctuate from time to time and may even become valueless. This information has not been tailored to suit any individual.

Itemized Deductions and Charitable Contributions Be aware of potential changes in legislature that could affect your charitable contributions. #FamilyWealthPlan #WealthPlan #LionsWealth #LionsWealthManagement #Tax #TaxPlanning DISCLAIMER **The commentary presented herein contains the opinions of Lions Wealth Management, Inc., a State of Minnesota Registered Investment Advisor. This information should not be relied upon for tax purposes and is based upon sources believed to be reliable. No guarantee is made to the completeness or accuracy of this information. Lions Wealth Management, Inc. shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, the information, data, analyses or opinions contained herein or their use, which do not constitute investment advice, are provided as of the date of posting, are provided solely for informational purposes, and therefore are not an offer to buy or sell a security. Investments in securities are subject to investment risk, including possible loss of principal. Prices of securities may fluctuate from time to time and may even become valueless. This information has not been tailored to suit any individual.

High-net-worth individuals have more complex financial needs, including estate planning, tax optimisation, and managing multiple income streams. Customised wealth building for these individuals often involves advanced strategies like trusts, charitable giving, or business succession planning to protect and grow wealth over generations. Are you utilising all the advanced strategies available to safeguard your wealth? #wealthmanagement #financialplanning #wealth #investment #financialfreedom #finance #wealthbuilding

As mentioned in our last post, appraisals aren’t just for businesses. Appraisals are also important for gifts and charitable giving to ensure proper valuation and disclosure. Did you know? The IRS can challenge gift values indefinitely unless adequately disclosed, binding them to a three-year statute of limitations. To safeguard against disputes, a qualified professional appraisal with a timely filed gift tax return is essential for hard-to-value assets. For charitable gifts exceeding $5,000 (excluding publicly traded securities), substantiation via a qualified appraisal by an experienced appraiser is required. Knowing the value of your assets is crucial for financial and estate planning, as well as avoiding unexpected tax liabilities. Stay informed and updated by periodically obtaining appraisals, as asset values can fluctuate over time.

Legacy planning is about preserving values and impact. Define your legacy, clarify goals, engage in estate and charitable giving, ensure succession, communicate intentions, and continuously evolve. Leave a lasting impact that inspires generations. #financialadvisors #wealthmanagement #wealth #finance #legacyplanning

The US Treasury should never be a trustee of your trust Or your pesty Uncle Al and Aunt Ginny The 2026 estate tax changes are coming fast. Here’s what to know: → Anything over is taxed at 40%. → Less wealth passed to your heirs. → Trusts can shield wealth from taxes. → Life insurance can cover estate taxes. → Act now to lock in current exemptions. → Charitable donations can reduce estate size. → Gifting assets now can reduce your taxable estate. → Early planning secures your family’s financial future. → Exemption drops from $13.61M to $7.2M per person. → Married couples’ exemption cut from $27.22M to $14.4M. 2026 is just around the corner—don’t wait to plan! PS:  Changes could happen as soon as Jan 1, 2025, time is now

WHAT ‘TAX DODGES’ (that is legal tax avoidance remedies) COULD BE TAKEN AWAY WITH THE 2025 TAX SUNSET. Should your investment strategy now reflect the odds of law changes later? E.g., do some loss harvesting, a Roth conversion, charitable gifts. Learn more in this article. Better yet, don’t be dodgy -- contact me for some expert tax planning and wealth management advice, underpinned by the deep resources and expertise of Northwestern Mutual. #2025TaxChanges #TCJAsunset #taxplanning https://lnkd.in/eYJykgQw

Stop leaving money on the table! Tax deductions aren’t just numbers, they are your right. Every expense you don’t claim is cash you’re giving away for free. Whether it’s business costs, charitable contributions, or overlooked write-offs, FinServe pro will help you uncover every opportunity to maximize your savings. Your financial success starts with knowing the rules and taking action. Don’t wait until it’s too late to make a difference in your bottom line. Take control of your taxes today, because every penny saved is a penny earned! #finservepro #businessownersinusa #taxfiling #taxdeduction #financemanagement #propertymanagement #mortgageloans #financialinformation #loanserviceusa #loanservicing #insuranceusa #insurance #financeusa #financialindependence #entrepreneursinlanham

WHAT ‘TAX DODGES’ (that is legal tax avoidance remedies) COULD BE TAKEN AWAY WITH THE 2025 TAX SUNSET. Should your investment strategy now reflect the odds of law changes later? E.g., do some loss harvesting, a Roth conversion, charitable gifts. Learn more in this article. Better yet, don’t be dodgy -- contact me for some expert tax planning and wealth management advice, underpinned by the deep resources and expertise of Northwestern Mutual. #2025TaxChanges #TCJAsunset #taxplanning https://lnkd.in/gwzGn29b