Book an appointment with GFS Financial Advisors using SetMore

Personal Liability Insurance

What is it? Personal liability insurance protects your assets if you injure another person or damage someone else’s property. It’s known as third-party insurance because it protects you if a third party files a claim against you. If you are found legally... Read more

Tax Consequences of Selling Interest in Business

When selling your interest in a business, you must consider a number of factors. One very important factor is taxation. Typically, you will transfer your interest in the business to others or to your corporation in return for cash or property. This will generally... Read more

Private Foundations

What is a private foundation? A tax-exempt entity operated for charitable purposes Private foundations are tax-exempt entities, just like hospitals or universities. What makes them different from organizations that are known as public charities is that private... Read more

Sudden Wealth

What would you do with an extra $10,000? Maybe you’d pay off some debt, get rid of some college loans, or take a much-needed vacation. What if you suddenly had an extra million or 10 million or more? Now that you’ve come into a windfall, you have some... Read more

Capital Gains Tax

Capital gains tax is imposed on gains realized from the sale of capital assets such as a home, an investment, or a business interest. Special maximum tax rates generally apply to long-term capital gains; these rates are typically lower than the rates that apply to... Read more

Wealth Due to Inheritance

Wealth Due to Inheritance What is it? Introduction If you’re the beneficiary of a large inheritance, you may find yourself suddenly wealthy. Even if you expected the inheritance, you may be surprised by the size of the bequest or the diverse assets you’ve... Read more