by Christine | Jul 27, 2012 | Estate Tax, Income Tax, Same Sex Estate Planning |
Which taxes qualify for the protective claim? Estate taxes, income taxes, even gift taxes. In fact, any time you feel you overpaid a tax you can file for a refund, if you have a good reason. The legality and constitutionality of same-sex marriage has not been far from...
by Christine | Jul 26, 2012 | 2012, 2013, Estate Planning, Gift Tax |
TIME may — or may not — be running out for one of the biggest tax breaks for wealthy Americans: the chance to give up to $5.12 million to heirs tax-free and then pay a comparatively low 35 percent rate on any gift above that. The break is scheduled to expire in six...
by Christine | Jul 25, 2012 | Depression, Elder Care, Elder Law, Medicare |
Depressed Medicare beneficiaries in the so-called coverage doughnut hole were more likely to cut back on their antidepressants than those who had full insurance coverage, a study has found. Even with the Affordable Care Act (ACA) – Obamacare by any other name – well...
by Christine | Jul 24, 2012 | Estate Planning, LIfe Insurance, Military |
Members of the armed forces about to be deployed have a lot on their minds, but one thing on the checklist needs to be making sure their legal and financial affairs are in order. With a little planning, servicemen and women deployed overseas can serve their...
by Christine | Jul 23, 2012 | Estate Planning |
Estate planning tends to focus on minimizing taxes, especially for high-net-worth individuals, but personal problems may be more pressing for some clients. For such people, the success of the planning process hinges more on dealing with their issues than with their...
by Christine | Jul 20, 2012 | Forgiven Loan, Gift Tax |
In today's tough economy, you may decide to loan money to a cash-strapped family member. While this may be a noble cause, please take my advice and make the loan the tax-smart way. Sometimes ensuring that a loved one has the assets they need – for a project or...
by Christine | Jul 19, 2012 | Elder Care, Elder Law |
Every day, Bureau of Labor Statistics interviewers ask Americans to detail how they spent the previous 24 hours, how many minutes and hours they devoted to everything from shopping to child care to phone calls. The results, culled from 12,500 respondents, make up the...
by Christine | Jul 18, 2012 | Disinheritance, Estate Law, Estate Planning, Same Sex Estate Planning, Tort |
In Beckwith v. Dahl (May 3, 2012), the California Court of Appeal, Fourth Appellate District, joined the majority of states in recognizing the tort of intentional interference with expected inheritance (IIEI). In the darker and more unfortunate corners of estate law,...
by Christine | Jul 17, 2012 | 2013, Family Business, Family Limited Partnership, Investments |
Family Limited Partnerships – Worth Another Look (Especially This Year)? A FAMILY limited partnership was once a rather esoteric way for wealthy families to centralize the management of real estate and various pots of money. But this is not a normal tax year....
by Christine | Jul 17, 2012 | Audit, Beneficiary, Estate Tax, IRS |
When you inherit money or property you shouldn’t have to pay taxes. It’s not subject to income tax. Plus, if there’s an inheritance tax to pay, the estate or person giving it to you has already paid it or provided for its payment. At least that’s how it’s supposed to...
