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...
by Christine | Aug 21, 2013 | Estate Planning, Expatriation |
There are distinct immigration rules and tax rules. Seek advice from an immigration lawyer and a tax adviser. You need both sets of rules. Is the grass really greener on the other side? When it comes to becoming an expatriate, you may want to do your homework before...
by Christine | Aug 20, 2013 | Basis, Capital Gains, Estate Planning |
When you inherit property, such as a house or stocks, the property is usually worth more than it was when the original owner purchased it. If you were to sell the property, there could be huge capital gains taxes. Fortunately, when you inherit property, the property’s...
by Christine | Aug 19, 2013 | Estate Planning, Non Probate Asset, Payable On Death Account, Procrastination |
“It’s not that these accounts can’t or shouldn’t be used, it’s just they have to be coordinated carefully with the rest of the plan,” says Patrick Lannon, an estate lawyer with Bilzin Sumberg in Miami, Fla. “If there is more than one child and you make a paid on death...
