Blog – Legal Insights on Business Law,
Estate Planning & Elder Law
Nursing Home Fraud: Risks Families Should Know
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...
Business Asset Valuation in Divorce Cases
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...
What to Consider Before Making Financial 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...
Why You Should Discuss Your Estate Plan With Family
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...
An Important Estate Planning Step to Take Now
The topic of estate planning may not be something you worry about. This might be the case if you don't think you own enough assets to make your estate liable for the federal estate tax. Check your Beneficiary Designations But no matter what your net worth is, there is...