Why Do You Need A Protector In A Trust Have you heard the term “trust protector”? Perhaps you have never heard this or maybe you are researching this because someone suggested it to you. Either way, here is an explanation of what a trust protector is, and what its advantages and disadvantages are. If you…
DetailsAccording to a Pew study of American families, children living in two-parent homes are more likely than not to grow up in a house where both parents work. Recent figures show more than half of these parents are both working full time. Combine this with kids’ activities and parents’ activities and there is little time…
DetailsOne Of The Greatest Things You Can Do For The People You Love Is To Get Your Trust & Estate Plan Correctly Done. Besides making the grieving process more about grieving and not about courts and probate, getting your plan done correctly can help you to have some influence on your family members’ decisions, even…
DetailsYou Discover Your Spouse Has A Serious Chronic Illness & After Recovering From The Shock, You Begin Thinking Of Your Future & Your Documents The only thing you have is an old will you paid $150 for when your kids were in preschool. After you ask around a little, you get in front of an…
DetailsDid You Know That The Majority Of People Who Inherit A Retirement Plan Liquidate The Assets Immediately? It’s true. It is estimated that as many as 80 percent want access to the cash right away to pay bills, take a vacation and of course, pay Uncle Sam.When the heirs liquidate the retirement plan right away,…
DetailsFrom one year to the next, what happens to the estate tax threshold, which is set today at $5.49 million per person, is anybody’s guess. And under the new president Trump, all bets are off as to the decisions and changes possible under his nontraditional presidency. Trump has explained that he wants to eliminate the…
DetailsMoving trust from one state to another? Do you need it? The short (and correct) answer, is maybe. Only a qualified estate planning attorney in your new state can tell you for sure. Why? Tax Laws May Be Different Some states have different death taxes and if your old state didn’t deal with the new…
DetailsDeciding How Long To Keep Tax Records & Which To Shred Can Be A Bit Of A Guessing Game Some keep every single piece of paper or file in the world and others tend to pitch things faster than they should. All documents are not created equal. Some must be kept longer than others; the…
DetailsOne Way To Lower Your Tax Bill For 2016 Is To Accelerate Deductions Before December 31 Contributing to your favorite cause when it is a 501 (c) 3, is a terrific way to get another deduction. Did you know you can supercharge the tax benefits of your generosity by giving appreciated stock or property rather…
DetailsEstate Tax Repeal In Arizona – Is It Possible? The small percent of people in this country whose assets would be subject to the US estate tax have been waiting for a Republican president for eight years who could finally repeal this tax. While getting this accomplished is still a difficult task with any president,…
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