by Christine | Jul 24, 2013 | Elder Law, Long Term Care, Retirement Planning |
Long-Term Care, LTC, planning is one aspect of retirement planning that many people overlook. They don't want to cover the additional expense of LTC policies, and find it difficult to plan for care that they might not need for years down the road. Before becoming...
by Christine | Jul 23, 2013 | Elder Law, Estate Planning, Long Term Care Insurance |
Weird berries. Capsules of unpronounceable supplements. Yoga or tai chi. Crossword puzzles. Such amulets, we’re told, may ward off disability — which is the real fear that accompanies aging, isn’t it? Not the sheer number of years that will have passed, but the things...
by Christine | Jul 22, 2013 | Estate Planning, Organ Donation |
Elijah Smith said he wanted to be an organ and tissue donor when he applied for a driver’s license in September. But his family didn’t find that out until he was declared brain dead by doctors on July 4 after being struck in a hit-skip crash while riding his bicycle...
by Christine | Jul 19, 2013 | Charitable Giving, Estate Planning |
That an entity has been effectively organized, and recognized by the IRS as tax exempt is no guarantee that it is being operated as a charitable entity. A good rule of thumb is that a charitable entity’s general and administrative expenses should not exceed ten...
by Christine | Jul 18, 2013 | College Planning, Custodial Accounts, Gift, Grandchildren, Transfers to Minors |
The Uniform Gifts to Minors Act (UGMA) and the Uniform Transfers to Minors Act (UTMA) are sometimes called the “granddaddies” of college savings accounts. Both allow parents to establish custodial accounts for a minor child, and a grandparent can then make gifts to...
by Christine | Jul 17, 2013 | Estate Planning, Estates, Pet Trust, Trusts, Wills |
Why do otherwise doting pet parents fail to make such plans? Most people assume they’ll outlive their pets, says Barry Seltzer, a Toronto-based estate lawyer and co-author of Fat Cats & Lucky Dogs: How to Leave (Some of) Your Estate to Your Pet. And death and...
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...
