by Christine | Jul 16, 2013 | Estate Planning, Family Home, Real Estate |
How do children nudge often-reluctant parents toward making sound and fiscally smart decisions about the future of the family home? The family home is more than likely the most important or valuable asset in one’s estate. So it makes sense to include...
by Christine | Jul 15, 2013 | Corporation, Family Business, Minority Shareholder, Small Business |
In family businesses, there are two main ways stock gets diluted: it gets passed on to employees or it’s passed down through the generations. We often see the first situation occur in families when owners give out shares to non-family executives as part...
by Christine | Jul 15, 2013 | Uncategorized |
“The whole issue of measuring and metrics and trying to have impact data is, I think, a very contemporary part of philanthropy,” said Thomas E. K. Cerruti, former personal lawyer to Sam Skaggs, a billionaire philanthropist who made his fortune in supermarkets and...
by Christine | Jul 12, 2013 | Estate Law, Gift Tax |
Here is some background on what is known as the "annual gift-tax exclusion." You can give away as much as $14,000 this year to anyone you want—or to each of as many people as you wish—without any tax considerations or burdensome paperwork. The recipient can...
by Christine | Jul 11, 2013 | Uncategorized |
In 2012, I earned only $25,000, but I have $300,000 in stocks. I have individual health insurance. Will I be ineligible for a subsidy beginning in January because I am presently insured, or because I have large assets? If you have not heard, there still are many...
by Christine | Jul 10, 2013 | Digital Estate Planning, Estate Planning |
A number of services can help with digital estate planning by designating password recipients or deleting accounts or files when you die. But communication and privacy laws have yet to catch up with technology. Planning for digital assets is becoming more and more...
by Christine | Jul 9, 2013 | Estate Law, Estate Planning, Trusts |
When Juliann Reynolds' husband died of cancer in 1992, she had to decide how to plan her own estate … Reynolds is one of a growing number of parents who are requiring their heirs to wait until they are older before they can collect their inheritances. When...
by Christine | Jul 8, 2013 | Uncategorized |
There is a lot of research to inform us that as an aging parent develops dementia, their financial decision-making capacity erodes early on. At the same time, a parent can be quite appropriate socially and appear “fine”. A case at AgingParents.com involved a...
by Christine | Jul 5, 2013 | Uncategorized |
Despite slow economic growth of 1.8% and a high unemployment rate of 9%, there were signs of optimism in the economy that helped to boost donations. Amazingly, despite tough economic times in 2012, Americans actually increased their charitable giving. Since charity is...
by Christine | Jul 4, 2013 | Estate Planning, Family Planning, Succession Planning |
If you run a family business, you probably already know research indicates family-owned businesses tend to have better long-term financial performance than their counterparts that aren’t run by blood relations. And you’re probably well aware infighting among family...
