by Christine | Sep 12, 2012 | Estate Planning, Roth IRA |
In 2010, we felt that the conditions were ideal for converting traditional IRAs into Roth accounts. Previous restrictions on conversions had been removed, and income triggered by conversions was taxed at relatively low rates. Today, we are once again looking at...
by Christine | Sep 10, 2012 | Estate Planning, Funeral Planning |
The old adage “nothing is certain but death and taxes” is very true. Since income taxes occur on an annual basis we think about them frequently. Our own death, however, we seldom think about or plan for. That’s a problem. Admittedly, it’s fairly difficult to plan for...
by Christine | Sep 7, 2012 | Estate Planning, Gift |
Given the uncertainty surrounding next year's taxes, here is a reassuring thought: One of Uncle Sam's most useful tax benefits isn't expiring, shrinking or otherwise under threat after 2012. Experts call it the "annual gift exclusion." Been...
by Christine | Sep 6, 2012 | Estate Planning, Marriage, Retirement |
For couples over the age of 60, cohabitation is becoming increasingly common, even when the partners would prefer to get hitched — a decision that's often financially driven. "This is absolutely a growing trend." Marriage is a big decision, whether...
by Christine | Sep 5, 2012 | Estate Planning, Trusts |
Can you force a grandchild to take a drug test in order to receive an inheritance? Insist your heirs use trust funds only for tuition at your alma mater? Make sure your wife's future husbands can't run through money you worked hard to earn? In many cases, the...
by Christine | Sep 4, 2012 | Estate Planning, Family Business, Small Business, Succession Planning |
There are a number of reasons you might want to put your name on your business. But before you launch your eponymous company, project yourself into the future—the very reason you’ve chosen to name your company after yourself may be the reason you...
