Blog
Recent Deaths Bring Home the Consequences of No Estate Tax in 2010
There was too much confusion to be much rejoicing when the estate tax was repealed for a year on January 1st, 2010. Although the words “no estate tax” may sound good, nobody really expected the state of affairs would last. Most experts believed that Congress would...
The Top 5 Estate Planning Mistakes
Estate Planning is about CONTROL. The proper planning enables you to control your life and your finances for your lifetime. If you don't plan you will lose control. It is as simple as that. Unfortunately many people don't plan properly and end up making big and...
Family Feuds: Your Estate Plan Can Save Your Kids’ Relationship
Parents want to think the best of their children, but the fact is that many adult children lose their perspective in the wake of the death of a parent and end up permanently damaging their sibling relationships. When mom or dad dies the hurt and emotion takes over;...
Stretch or Inherited IRAs
Under the common rules of tax law, IRA accounts can be very costly to the beneficiary of the IRA. With the exception of the surviving spouse, the remaining beneficiaries may be required to pay income tax (up to 35%) on the IRA account. How do we avoid these taxes?...
A “Graying Trend” In Caregiving
What will you be doing when you’re 73? If you think you will have earned the right to have someone take care of you, think again; you may end up serving as a caregiver for someone else. A recent article in the New York Times describes a new trend in caregiving: the...
Your Family Is One-Of-A-Kind; Your Estate Plan Should Be As Well
According to statistics the average U.S. family size is 3.2 members. The median age of a man upon his first marriage is 28.1, the median age of a woman is 25.9. Also according to statistics, approximately 60% of couples own their home, 70.7% of mothers with children...
Animal Trusts
As an animal owner, you are responsible for the care, feeding and everyday maintenance of your animals. You probably don't think twice about all that you do when you take care of your animals. Also, you may have never thought of what would happen to your animals if...
Sharing Your Passion With The People Who Matter
What is your passion? Do you love reading and collecting books? Are you a rabid coin or stamp collector? Do you find peace and tranquility out tending your garden? Whatever it is that you love to do in your “off time”, you can bet the people closest to you know it....
Health Care Reform: Year by Year
Health Care and Education Reconciliation Act On March 25, 2010 the House of Representatives in a 220-207 vote passed the Health Care and Education Reconciliation Act. This new law will make major changes in Health Care and Education over the next ten years. The...
How to Set Up Your Business
Setting up your own business is exciting. However, creating a business is a serious step for anyone. Do it properly to avoid the most common mistakes people make. Then relax and enjoy all the benefits owning your own business can bring. Decide the Business Structure...
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