Estate Planning Sounds Hard But Our Clients Love How “Easy” It Is
Wills and Estate Planning Sound Hard But The Process Can Be Easy – Well Maybe Easy Isn’t Quite Accurate But It’s Easier Than You Think And You Feel Better When It’s Done Than You Can Imagine Many young couples with families, older couples who’s children are grown, and even seniors with grandchildren, avoid doing …
Another Billionaire Avoids The Federal Estate Tax – By Dying In 2010
Avoiding The Federal Estate Tax – In 2010 and Beyond What You Need To Know and Do In Your Estate Plan To Be Ready For 2011 The federal estate tax is currently not in effect. However, it will return at rates and in amounts that have not been seen for some time. As of January …
Can You Request An Extension To File A Federal Estate Tax Return?
Can You Get An Extension To File A Federal Estate Tax Return (Form 706)? In 2010 there is no federal estate tax and the IRS is not currently accepting the form 706. In case you’re wondering why anyone would file an estate tax return when there is no estate tax, that’s another story for another …
Is Your Pet Included In Your Estate Plan? Should It Be?
Providing for horses and pets in your estate plan...
How Do You Get The Most Out of The Remaining Days of Summer and Fall?
Getting The Most Out of The Remaining Days of Great Weather Great Summer and Fall Actives For Our Friends and Clients By: David Frees We want our clients and friends to get the most out of life and out of the remaining days of summer and those first warm days of fall. We do …
What’s a $100,000 Charitable Trust Worth in 91 Years?
If you’re interested in using a charitable trust and want to know what happens as the money grows, or what happens when the charitable purpose of your trust no longer exists, the read this quick article about Charitable trusts. And, for more information about trusts, living trusts, charitable trusts, insurance trusts, and family trusts, …
Inherited IRA: What You Need to Know
The Inherited IRA can provide powerful tax deferral benefits for named beneficiaries. In order to optimize the tax deferral options, the original owner must properly structure beneficiary designations in accordance with I.R.S. rules and regulations. The I.R.S. has laid a mine field of beneficiary designation traps that can either serve to reduce or eliminate the …
It’s Time To Start or To Return To College – Did Your Son or Daughter Leave You With A Power of Attorney?
It’s that time of year when our college aged children go back to college and we may not see them again until Thanksgiving. But, they might need our help inn between, and without a power of attorney that might mean trouble. We tend to think that powers of attorney are for the elderly. And, it’s …
GRAT Planning For Federal Estate Tax Savings Under Scrutiny
The Grantor Retained Annuity Trust (GRAT) has been an excellent and widely used federal estate tax savings tool. However, President Obama took aim at the GRAT in his 2011 budget proposals. Additionally, the House has included provisions targeting short-term and rolling GRAT planning tools in legislation that has passed at that level. Although that particular House …
When Do My Children Need To Do a Will? The Answer Might Shock You
If you have children between the ages of 18 and thirty, chances are that they don't have a will. And, there are many reasons why that might be a bad idea. For example, many of our adult children have children of their own but have not done a will to name a guardian, executor and trustee to care for those children, or their finances