by Christine | Aug 24, 2012 | Estate Planning, Gift Tax, GIfting |
You can give away as much as $13,000 during the year to anyone you want—and to each of as many people as you choose—without any tax considerations. These gifts can be to family members, friends or even complete strangers. Gifts are thought to be simple. However, if...
by Christine | Aug 23, 2012 | Digital Assets, Estate Planning, Virtual Assets |
Estate planners say few, if any, of their clients consider digital assets in their wills—an oversight that can result in real-world losses to beneficiaries. And experts say the estate-planning industry itself has been slow to adopt standards for dealing with the sort...
by Christine | Aug 22, 2012 | Copyright, Estate Planning, Publicity Rights, Wills |
Beastie Boy Adam “MCA” Yauch, who died on May 4 of cancer, left instructions that his music couldn’t be used in advertising. But this wording in his will, which he added by hand, may not even be valid. If his heirs try to honor it or enforce it, they could get stuck...
by Christine | Aug 21, 2012 | Estate Planning, Trusts |
Spousal Lifetime Access Trusts (SLATs) allow you and your spouse to use your full remaining gift tax exemptions while retaining access to the gifted property in the event you need it. The more complex your goals, the more crucial the timing. This is especially true if...
by Christine | Aug 21, 2012 | 2012, 2013, Medicare, Premiums |
Medicare beneficiaries will pay the same premium for prescription drugs next year as they did this year, the U.S. Department of Health and Human Services said. Finally, a little good financial news for seniors – your 2013 Medicare premiums are projected to remain the...
