by Christine | Sep 4, 2013 | Bequest, Entrepreneur, Estate Planning, Gift Law, Gift Tax |
Two years ago, Mr. Harris couldn't scrape together enough funds to start a business that delivered healthy meals. So, he decided to approach his mother for an early bequest. The money would be coming to him anyway, he figured, and she would be able to see...
by Christine | Sep 3, 2013 | Elder Law, Estate Law, Estate Planning, Individual Retirement Accounts (IRA), Retirement, Roth IRA |
Use this versatile account to get tax-free income and a whole lot more. If you are used to a traditional IRA, the Roth IRA may seem peculiar at first when it comes to retirement accounts. So here’s a brief refresher on all the perks of the esteemed Roth IRA. A recent...
by Christine | Aug 30, 2013 | Estate Planning, Family Home, Family Vacation Home |
Should it be maintained for close relatives? Will the next generation use it together or separately? Is it the site of family reunions? If not, will it be available to friends or even renters? Few places prove to be so powerfully uniting for a family as the...
by Christine | Aug 29, 2013 | Estate Planning, Medical Directives |
With back-to-school season upon us, it’s an issue that’s timely to consider. Once your children turn 18, you are no longer entitled to see their medical records and make decisions about their medical treatment—unless they take a few basic estate-planning steps first....
by Christine | Aug 23, 2013 | Estate Planning, GRATs, Trusts |
Clients with swiftly appreciating assets can transfer these assets and escape both gift and estate taxation on almost all of the appreciation using a combination GRAT-life insurance strategy in connection with the steep gift tax valuation discount available today....
by Christine | Aug 22, 2013 | Estate Planning, GRATs, Qualified Personal Residence Trust (QPRT), Trusts |
This type of trust allows a person to still live in a home for the term of the trust, deduct mortgage interest and real estate taxes, and then when the term of the trust expires, the home passes to the heirs and out of the owner's estate. The owners can retain the...
