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Tax Law Allows Married Couples to Reduce Their Estate Taxes
Married couples take note: Congress passed a law in 2010 that can significantly reduce the amount your estate pays in estate taxes. Unfortunately, most couples are either completely unaware of this opportunity for savings, or they find out about it too late to take...
Who Do You Trust To Administer Your Estate?
For many people the hardest part of creating an estate plan isn’t deciding what to leave to their heirs, but deciding who they trust enough with the difficult job of administering their estate. The job of administrator requires a rare and unique combination of...
Who Will Care for Your Pet When You Are Gone?
When most people think about estate planning they think about friends and relatives, they think about minor children or grandchildren, they think about family heirlooms or large assets to pass on to the next generation. There is one family member who often gets...
The Most Important Part of an Estate Plan is the Memories
Most people, when they design their estate plan, think primarily about the large financial assets: Real property, bank accounts, investment accounts, family businesses, etc. But any estate planner will tell you that the most heart-wrenching family rifts and disputes...
Protecting a Child With Special Needs
The thought that your child may have to survive on his or her own before they are ready is every parent’s worst fear; it’s what keeps many parents up at night, and what brings many parents into our offices asking about trusts, guardians, and estate plans. For parents...
Prepare Your Kids for a Large Inheritance
One of the unspoken rules in many families is that you don’t talk about money, and you especially don’t talk about money with your kids. What many parents are finding out, however, is that keeping hush-hush about money matters leaves children unprepared,...
Should Heirs Pay Taxes on Assets They Can’t Sell?
Throughout history artists and their artwork have often been on the leading edge of controversy. In a recent brou-ha-ha between the heirs of the New York art dealer Ileana Sonnabend and the U.S. Internal Revenue Service the controversy is over nothing less than the...
Affordable Care Act Likely to Improve Situations of People with Disabilities
The Affordable Care Act (ACA) is a hot topic lately, and of great concern to people of all walks of life; but people with disabilities, or who rely on government benefits to help them pay for health care and living expenses, have even more at stake in the game and...
How Healthy Are Your Finances? A Mid-Year Financial Check-up
One of our previous blog posts mentions upcoming changes to tax law this winter, and what further changes may be in store once November comes around and we know who will be in the White House next year. This could be interpreted as a reason to wait on making any...
Changing Tax Law and the Presidential Campaign
Curiosity and excitement are always to be expected in an election year—especially curiosity about taxes. We all know that each presidential candidate has very different philosophies about where the tax burden lies, how much should be paid, and by whom; but all most of...
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