by Christine | Oct 9, 2013 | Charitable Planning, Estate Planning, LIfe Insurance |
You have a whole or universal life-insurance policy that you or your heirs don't really need. What do you do? Well, you may want to donate it to your favorite charity. There are basically two ways to do it. Ask any widow or widower and they will tell you...
by Christine | Oct 5, 2013 | Capital Gains, ESOP, Estate Planning, Small Business |
“There are things you can do to minimize—or with the right set of facts—eliminate taxes,” says Timothy Jessell, a tax lawyer with Greenberg Traurig in Tysons Corner, Va. whose client base is people buying and selling companies. In one case, a client who is...
by Christine | Oct 4, 2013 | Estate Planning, Estate Valuation, Taxation |
Documents recently released in litigation between the estate of pop star Michael Jackson and the IRS showed that a large part of the dispute revolves around the value of Jackson’s image and likeness. While the estate assessed the value of his image at $2,105,...
by Christine | Sep 30, 2013 | Estate Planning, Inheritance |
In the survey, conducted by Interest.com, a financial planning site, just 27 percent of respondents age 18 to 59 said they expect to receive an inheritance from their parents or other family. Even those who believe there will be something left over for them...
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...
by Christine | Sep 24, 2013 | Estate Planning, Trusts, Vacation Home |
Growing numbers of families – as older parents move into their 80s and 90s – are finding themselves grappling with the transfer of second homes. If you have a family vacation home, have you considered what will happen to the property after you are gone? While you are...
