Blog — Family Business

Wednesday, January 8, 2014

Affordable Care Act - Making Sense of it All

 

Happy New Year!

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Thursday, December 26, 2013

Tax Planning is critical at the end of the year. Here are some ideas to contemplate, along with the tried and true year-end tax savings techniques.

Individual Tax Strategies:

1) Game – The Standard Deduction

If your total itemized deductions are usually close to the standard deduction amount, consider the strategy of bunching together expenditures for itemized deduction items every other year, itemizing those years to deduct more...

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Wednesday, December 18, 2013

Put Your Plan in Order. Part 5: Trust Planning - Should You Appoint an Independent Trustee?

Like most attorneys, I was taught Estate Planning either by direct tutoring from my partners or by the traditions of those attorneys teaching seminars and speaking in related educational-type programs. The answer to the question of who should serve as a successor trustee in a trust for the individuals forming the trust (trust makers) is almost always an afterthought – it defaults to the...

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Wednesday, December 11, 2013

Put Your Plan in Order. Part 4: Fund Your Living Trust. Strategies for Individuals with Trusts.

The Importance of “Trust Funding”

One of the significant benefits of utilizing a living trust as part of one’s estate plan is to avoid the necessity of a surviving spouse or heirs from having to probate your assets with a probate court after your death. However, this benefit is not achieved by simply drafting and...

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Wednesday, December 4, 2013

Put Your Plan in Order. Part 3: Basic Estate Planning for Single Adults and Simple Estates

In my practice, I oftentimes meet with clients who are “apologetic” for taking my time given their perception that they “… really don’t have that much [in assets]” but have come to see me based on the encouragement from friends or relatives. 

All Adults 18 Years and Older Need Planning

The truth is that everyone...

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