by Christine | Aug 15, 2012 | Alzheimer's, Appraisal, Charitable Giving, Estate Planning, Gift, Gift Tax |
"We're sort of in a perfect storm right now because the gift tax exemption is higher than it's ever been, and the value of businesses are at an all-time low, which makes it a perfect time to gift them," says Karen Goldberg, president of the Estate...
by Christine | Aug 13, 2012 | Estate Planning, Special Needs Children, Special Needs Trusts, Trusts |
Having a long-term financial plan in place is crucial for parents of special-needs children. It will help parents juggle saving for the child's care as well as for college for other children and their own retirement. It also will help guarantee that the care—and...
by Christine | Aug 8, 2012 | Estate Planning, Small Business, Taxes |
Last week a colleague and I were discussing a C Corporation with nearly three-quarters of a million dollars in retained earnings, with owners who want to get the money out. The owners wondered about any “fancy tax ideas.” My colleague immediately stated, “Yeah;...
by Christine | Aug 1, 2012 | Elder Law, Estate Planning, Retirement Planning, Surviving Spouse |
Estate planning is critical to make sure your assets are passed down as you wish. But another component of estate planning for couples is making sure that the surviving spouse has enough money to live on. Most married couples want to ensure that all of their resources...
by Christine | Jul 31, 2012 | Alzheimer's, Art, Estate Planning |
For many owners of artwork or decorative collectibles, scenario planning works well for individual or a small number of items. Estate planning is a process, not a “one-and-done” event. Sometimes anticipating future curveballs in life may necessitate weaving scenario...
by Christine | Jul 30, 2012 | Estate Planning, Inheritance |
Inheriting money would seem like one of life’s unabashed blessings: someone gives you a lump sum just for being you. For the rest of us, inheritors seem like a democracy’s version of royalty: born into a world of privilege we would love to know. Yet the inheritors I...
