by Christine | Aug 25, 2011 | Estate Planning, Tax Planning |
Wealthy individuals in the U.S. will find it easier to cut their estate-tax bill as a result of a provision for using their deceased spouses’ exemption credit. Much ado has been made about the new power in estate planning known as “portability,” and for good reason....
by Christine | Aug 19, 2011 | Medi-Cal Long Term Care, Tax Planning |
The bottom line, however, is that the IRS is watching, and you should be very careful and get good tax and legal advice before you make that gift. As many have written, 2011 and 2012 just might be great years for gifting, but that doesn’t mean there aren’t...
by Christine | Aug 11, 2011 | Tax Planning |
Some estate planners have suggested that portability makes it unnecessary to continue to draft estate plans that include credit shelter trusts. This reported demise of the credit trust reminds me of Mark Twain’s famous observation, after his obituary had been...
by Christine | Aug 3, 2011 | Estate Planning, Retirement Planning, Tax Planning |
If you've reached 70-1/2, you can make cash donations to Internal Revenue Service-approved charities directly out of your traditional IRA. This can be a tax-smart opportunity, but it will expire at the end of this year unless Congress acts. You may have read about...
by Christine | Aug 3, 2011 | Estate Planning, Retirement Planning, Tax Planning |
If you've reached 70-1/2, you can make cash donations to Internal Revenue Service-approved charities directly out of your traditional IRA. This can be a tax-smart opportunity, but it will expire at the end of this year unless Congress acts. You may have read about...
by Christine | Jul 26, 2011 | Elder Law, Tax Planning |
The biggest lesson may be that contracts, invoices, and good record-keeping are just as important in a family or related party setting as they are anywhere else. Sometimes the biggest mistakes are also the most mundane, and those can make for an awful headache for...
