Wealthy grandparents have a unique opportunity this year to give their grandchildren gifts of substantial value without incurring any gift tax. This is a huge savings opportunity!—so why aren’t more people taking advantage of it? Part of the reason may be lack of...
This may seem like we’re listening to a broken record, but once again Congress’ inability to act is creating uncertainty in the estate-tax-planning world. We’re little over 3 months away from a major upheaval in the estate tax, and according to the New York Times the...
How much does “marriage” matter when it comes to estate planning? The recent California court ruling on gay marriage has thrown marriage and its meaning once again into the limelight, and has many people thinking about what marriage means on a legal level. Anyone who...
In our last post we wrote about what matters most when choosing a long-term care living situation, suggesting that it’s not always the place that matters most, but the mind-set of the elderly person who will be living there, and how involved that person is in the...
Our country may be facing a simultaneous growth and recession... unfortunately, according to journalist John Leland, the two seem to be at odds. What we are referring to is the growth of the elderly population and the recession of funds available to help this aging...
Common superstition says that famous deaths come in threes, but the death of New York Yankees owner George Steinbrenner on July 13 makes four billionaire deaths in 2010. It’s hard to deny the significance of such events in a year when there is no estate tax. According...
From a recent announcement on PR Newswire: “Many Americans seem confused and immobilized by a key part of the recent Health Reform legislation, the CLASS Act, which will offer a form of long term care insurance for working people and others who may become disabled....
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...
The recent repeal of the estate tax is having unintended consequences for responsible husbands and wives who already had a will or trust in place to protect their spouse and family—instead of protecting them, that existing will could now end up leaving surviving...
Congratulations to my fellow WealthCounsel members--Principal Stan Miller and CEO Jonathan Mintz--who were prominently quoted by one of the nation's largest news syndicates based in New York City. Bloomberg News syndication services launched a newswire story on Dec....
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