Blog
Estate Planning for Singles- Current Rules May Dictate Changes
Legislation enacted a few years ago made permanent changes to the federal estate and gift tax rules affecting estate planning for single individuals. Specifically, here are the significant estate changes in the American Taxpayer Relief Act: The 2017 federal estate tax...
Nursing Home Fraud: Studies Expose a Little-Known Risk
Holidays bring friends and families together. But sadly, they also bring an increase in the frequency of financial frauds against elderly people, according to the Metlife Study of Elder Financial Abuse. Nursing home fraud is a little known risk that is frequently...
Tax Responsibilities After Someone Dies
The death of a loved one is always difficult but it can be even more challenging if you are the one who must handle all the resulting tax responsibilities. There are a couple different ways you can assume the required duties: You may be named as the executor of the...
Valuation of Business Assets in Divorce
Sometimes estranged spouses can remain fair, rational and civil during divorce proceedings. But in other cases, a divorce can turn ugly. When the couple's assets involve a business interest, the situation can be extremely complex. Husbands and wives may become...
Points to Consider Before Making Gifts to Children
In the world of college financial aid, good estate planning strategies often result in less financial aid for your child or grandchild. For instance, a strategy included in many estate plans involves making annual tax-free monetary gifts to children. Annual gifts can...
Consider Hosting a Family Meeting about Your Estate Plan
If you're a business owner and a high-net-worth individual, you may want to gather your family members together to discuss the details of your estate plan. This can be especially important if you own a business that employs family members. These meetings are a little...