by Christine | Oct 19, 2012 | Gift Tax, GIfting |
For those weighing what to do with the assets they have accumulated over a lifetime, the next few weeks may be time to make the final call. That’s because the current federal tax exemption on estates and gifts is set to roll back on Jan. 1 from $5.12 million to $1...
by Christine | Oct 18, 2012 | 2013, Estate Planning, Gift Tax |
Next year, that $13,000 limit on gifts is expected to increase to $14,000—an inflation adjustment required by law. The number isn't yet official—and won't be until later this year when the Internal Revenue Service will announce this and many other inflation...
by Christine | Oct 17, 2012 | Asset Protection, Trusts |
Sometimes you may hear “revocable trusts provide no asset protection” — however, this is only half-true. Trusts are powerful devices. In fact, even “revocable” trusts can afford valuable protection. Consider the case of Frank and Geryl Pearl, as reported in a...
by Christine | Oct 16, 2012 | Charitable Giving |
There is certainly a place for special trusts and foundations, but they are not a requirement. There are many ways people aren’t aware of to be charitable both in your own family and also in your community. Giving can be complicated, especially when it moves...
by Christine | Oct 16, 2012 | Elder Law, Medicare |
Premiums for many popular Medicare prescription drug plans will soar next year – but seniors don't have to take the rate hikes lying down. Hunting season is open! Unfortunately, there’s little sport in this hunt: in Medicare enrollment season, maybe it’s...
