Estate & Elder Planning Misconceptions

Estate & Elder Planning Misconceptions
Estate & Elder Planning Misconceptions
Planning ahead will avoid chaos for your loved ones and will also make certain that your wishes are honored upon (more…)
New Year: Same Estate Tax but New Long-term Care Commission
New Year: Same Estate Tax but New Long-term Care Commission
Now that the new year is upon us there is some news of importance regarding United States tax laws, and (more…)
The Third Party Supplemental Needs Trust
The Third Party Supplemental Needs Trust
Supplemental Needs Trusts (SNTs) provide a supplemental source of funds for people with disabilities. Because of certain legal limitations on (more…)
What is a Living Will?
What is a Living Will?
A Living Will is a health care advance directive that allows you to give written instructions that explain your wishes (more…)
Ethical Wills
Ethical Wills
An ethical will reflects the “voice of the heart.” Think of it as a love letter to your family. Every (more…)
Selling Your Home: Capital Gains Taxes – part 1
Selling Your Home: Capital Gains Taxes – part 1
Generally, you must have owned and lived in the property as your main home for at least 2 years in (more…)
New York Estate Taxes
New York Estate Taxes
State death taxes come in two basic forms: inheritance taxes and estate taxes. Prior to 2005, many states levied an (more…)
The Inherited IRA Trust
The Inherited IRA Trust
Proper IRA planning is now more important than ever due to the latest IRS required minimum distribution rules. Quite often, (more…)
What You Should Do With Your Estate Planning Documents
What You Should Do With Your Estate Planning Documents
1. Read your documents. Are all the names right? Have all of your will or trust beneficiaries been listed? Are (more…)
Income Taxation of Grantor Trusts
Income Taxation of Grantor Trusts
The income taxation of trusts is governed by Subchapter J of the Internal Revenue Code, §§ 641 through 692. For (more…)