by Christine | Oct 30, 2013 | Advanced Health Care Directive, Elder Law, Estate Law |
Most of the time, patients who have advance directives — somewhere — and don’t bring them to the hospital have simply left them at home. But lawyers’ offices and safe deposit boxes are also popular locations. All of which are useless if a person can’t direct his own...
by Christine | Oct 28, 2013 | Debt, Estate Law, Estate Planning, Probate |
Can a bank collect a credit card debt owed by your deceased parent or spouse? The answer depends on a range of factors, from whether it was a joint account to where the deceased person lived. Although probate can put some undo stress on an already stressful...
by Christine | Oct 18, 2013 | Business Sale, Estate Law, Family Business, Small Business |
There are three main strategies business owners can (and should) use in order to maximize the amount of money they put in their pockets when they sell their companies. Your business is your livelihood. It may also be your family's source of revenue. So if you are...
by Christine | Oct 17, 2013 | Art, Estate Law, IRS, Taxation, Valuation |
Whenever a U.S. taxpayer dies or gives away valuable art—or any time it changes hands other than through a sale—Uncle Sam has an interest in knowing its true value. The art panel protects that interest, by vetting values submitted by taxpayers or executors; in...
by Christine | Oct 7, 2013 | Estate Law, Qualified Appraisal, Tax Law, Valuation |
What makes an appraisal “qualified,” says the Tax Court, is whether it provides sufficient information to enable the Internal Revenue Service to evaluate an appraiser’s methodology. When you give cash to charity, it is a pretty straightforward offering that holds a...
by Christine | Sep 26, 2013 | Capital Gains, Charity, Estate Law, Estate Planning, Tax Law |
Check out these strategies to bypass capital gains altogether or at least lessen the bite. Unless you've been paying close attention to capital gains and your expected 2013 tax, then you may not realize a potentially large "bite" until tax season. For...
