by Christine | Jan 2, 2012 | Estate Planning |
Did you get any exciting gifts this holiday season? What’s not so exciting are the tax implications that may come with them. We often get questions about those implications this time of year so let’s take a look at some of the most common tax myths about gifts....
by Christine | Dec 30, 2011 | Charitable Giving, Tax Planning |
As individuals and businesses rush to make charitable contributions at this busy time of year, the IRS has issued several tips as reminders of tax law provisions that have taken effect in recent years. If you’re considering making last-minute charitable...
by Christine | Dec 29, 2011 | Estate Planning, Individual Retirement Accounts (IRA), Tax Planning |
If you needed a reminder of just how byzantine the rules are that govern inherited IRAs—and the importance of preparing your family for receiving such an account—the IRS just handed you one. Parents who have substantial assets in an IRA should plan ahead for how their...
by Christine | Dec 28, 2011 | Uncategorized |
Business owners should rethink what they "know" about sponsoring retirement plans, says the founder of a firm that administers 401(k)s for small companies. It’s the last week of the year, and if your small business does not already have an employee...
by Christine | Dec 27, 2011 | Estate Planning, Guardianships |
Naming a guardian for a young child in a will can be one of the most important things a parent does. It can also be one of the hardest—in fact, many people don't make a will because they can't face the job. The Wall Street Journal typically focuses...
by Christine | Dec 26, 2011 | Caregivers & Caregiving, Estate Planning, Long Term Care Insurance |
Clients who care for aging parents need more than financial and tax help from advisors. As our population ages, more Americans find themselves in the role of caregiver for their elderly parents – often before they have completely graduated from the parenting role for...
by Christine | Dec 23, 2011 | Current Affairs, Elder Law, Estate Planning |
If you’ve arranged for a caregiver to provide care for an aging, ailing relative, you might be overlooking tax breaks that could help cut costs. If you have had to arrange for a caregiver for an aging loved one, then you have some appreciation of the enormity of the...
by Christine | Dec 22, 2011 | Estate Planning |
If you're a parent with multiple heirs, here is a bit of advice from estate-planning professionals: Before making any decisions about who gets what, think carefully about the emotional legacy you want to leave behind. The inheritance you leave isn’t, in itself,...
by Christine | Dec 21, 2011 | Estate Planning |
Although several states allow same-sex couples to marry, they still face unique planning challenges Heads up, if you are an unmarried co-habitant (same-sex or opposite-sex)! Regardless whether you share a home, children, and assets you can be no more than...
by Christine | Dec 20, 2011 | Estate Planning |
70% of intergenerational wealth transfers fail, according to research conducted on over 3,250 families who transferred wealth. That is, inherited wealth is dissipated by the heirs at this stunningly high rate. It’s an international phenomenon. A new and...
