A Love Letter for Valentine's Day
Some say that doing a Last Will and Testament, Health Care Proxy, and Power of Attorney is like writing a love letter. Corny, I know, but actually true. Being organized as well as being prepared for a crisis helps ease the burden on your loved ones. Imagine being in... »
Tax and Gift Changes for 2014
In 2013 Congress made the federal estate tax laws so-called "permanent" with the American Taxpayer Relief Act ("ATRA"). ATRA made raised the exclusion amount to $5.34 million per person. It also introduced the concept of "portability", which allows a surviving spouse to add the unused portion of the decedent... »
Creating a Family Legacy
It is said that wealth cannot last for more than three generations. That is because it introduces a complicated family dynamic, and inherited wealth can diminish the motivation, ambition, and drive of later generations. What is important is not only the desire to pass wealth on to future generations but to... »
Three Must-Have Documents for 2014
Although we all expect the best in 2014, it is always good to prepare for the worst. Leaving loose ends when it comes to your estate can lead to family fights and expensive legal bills. Spare your family by being prepared. There are three documents that are absolute musts:  A will A... »
Tax Brackets and Standard Deductions for 2014
The IRS has announced the annual inflation adjustments for 2014, with the big news being the new tax brackets. Keep in mind these are for 2014 taxes--the ones you will be filing in 2015, not the ones you are currently working on. Married Filing Jointly and Surviving Spouses Married Filing Separately Single Taxpayers Head... »
Woman Disinherits Nephews, Wills $100K to the Cat
An appeals court recently affirmed that Charlotte F. Stafford was not under undue influence when she disinherited her nephews and left $100,000 in a pet trust for the care of Kissie Meouw Stafford, her cat. Stafford appointed her friend and caretaker of six years, Vicky House, as the cat's guardian,... »
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