by Christine | Feb 21, 2013 | Art, Estate Law, Estate Plan, Estate Planning, Gift, Valuation |
So you have there is this really cool painting that you gave away. Do you want it to be worth a lot or a little? It depends on who you gave it to. Giving someone art rather than dollars can be complicated, especially when it comes to taxes and the IRS. So the...
by Christine | Feb 20, 2013 | Elder Law, Estate Planning |
Research shows that the ties which lead adult children to become caregivers — depending on how much contact they have with parents, how nearby they live, how obligated they feel — are weaker in stepchildren, Dr. Silverstein said. Money sometimes enters the equation...
by Christine | Feb 19, 2013 | Appraisal, Charitable Giving, Gift |
…Good intentions do not guarantee a charitable contribution deduction. By failing to properly account and document the contribution, however, the IRS and Tax Court [could] disallow the deduction. You may think that being eligible for the charitable tax deduction is as...
by Christine | Feb 19, 2013 | Asset Protection |
…Proper Asset Protection is most appropriately done when the client knows that he or she has no outstanding claims, i.e., the skies are perfectly clear of creditors. Asset Protection is all about avoiding fraudulent transfers, not designing and implementing them....
by Christine | Feb 15, 2013 | Small Business, Valuation |
With the day-to-day demands of running their businesses, most owners put off getting a valuation until a sale is imminent. But some are starting to treat the act of valuing their business as an integral part of running it. Has anyone asked you what your business is...
