Mary Ann Hennelly-Favata
Mary Ann Hennelly-Favata serves as a Senior Client Advisor for MRA Associates. She provides investment management and financial planning services for high net worth clients. She also serves as a member of MRA Associates’ Management Committee.
Mary Ann coordinates closely with CPAs and attorneys of her clients to ensure proper implementation of investment, financial, insurance, retirement, tax, and estate planning goals.
She earned her Bachelor of Science degree in Business Administration from the University of Redlands, California. She is a CERTIFIED FINANCIAL PLANNER™ professional. She is a member of the Financial Planning Association and the Central Arizona Estate Planning Council.
Prior to joining MRA Associates in 2004, Mary Ann spent seven years in the Scottsdale office of Henry & Horne, PLC. She also has extensive experience working in the following industries: financial business management, tax, accounting, corporate analysis, banking, and insurance.
Mary Ann spends her free time with her two daughters and her husband. She serves on the Professional Advisory Committee for the AZ Foundation for Women. She is also involved with her children’s school and her church.
Uncertainty is pervasive these days. However, we are all familiar with Benjamin Franklin’s quote, “…nothing can be said to be certain, except death and taxes.” With the 2017 tax law changes in the Tax Cuts and Jobs Act (TCJA), the amount of assets that someone can leave to his/her heirs without incurring estate tax increased significantly.
Now that it has been almost 16 months since the passage of the 2017 Tax Cuts and Jobs Act (TCJA), it’s time to come up for air and ask the question: what is the overall impact on estate planners and their clients?
Many people donate regularly throughout the year while others prefer to accelerate their charitable donations at year-end. Either way, giving can help the community and take advantage of tax benefits available at the state and federal levels.