by Christine | Apr 25, 2014 | Corporation, Estate Planning, Small Business, Tax Planning |
For many years, when an individual outgrew a proprietorship, a corporation was the norm. Today, limited liability companies (LLCs) are popular. But despite the inroads of the LLC, corporations persist. But there are key differences between S and C status. If you own a...
by Christine | Apr 23, 2014 | Charitable Giving, Estate Planning, Estate Tax, LIfe Insurance |
There are several ways to donate a life insurance policy to charity, according to the Planned Giving Design Center, Monroe, NC. There are many advantages to life insurance as it can be a cushion against high-cost issues or a source of much-needed cash flow for your...
by Christine | Apr 22, 2014 | Alzheimer's, Dementia, Elder Law, Estate Planning |
Alzheimer’s patients live for years with diminished mental skills, which makes it crucial that they make decisions early on about how their care should proceed. Planning for one’s estate and for one’s late-in-life plans requires more than a bit of wherewithal. This is...
by Christine | Apr 17, 2014 | Basis, Bequest, Estate Law, Estate Planning, Estate Tax, Gift Tax |
When it comes to estate planning, one of the primary goals is to transfer as much of a person's assets to their intended beneficiaries at the lowest cost or, in other words, by paying the least amount of tax. Giving your assets to your heirs is all about timing....
by Christine | Apr 16, 2014 | Estate Planning, Probate, Trusts, Wills |
A no-contest clause may be a good idea if you have a beneficiary who may be upset by the property distributed to him or her. Consider this common estate plan predicament: you are drafting a will and know that if it is challenged by a spurned heir or for anyone for any...
by Christine | Apr 15, 2014 | Asset Protection, Elder Law, Estate Planning, Probate, Reverse Mortgage Loan |
Death of the borrower triggers the loan payoff, but the estate and heirs will never owe more than what the home is worth. Family homes are unique assets. And like many assets, family homes can be as complicated as they are meaningful. Even when heirs inherit a home...
