The “Temporary” Tax Relief Act of 2010 has created the most favorable estate planning opportunity in modern history. First let me highlight two parts of the law that directly relate to estate planning. The death tax free estate is now five million dollars ($5,000,000) for each individual. That means if someone dies in 2011 or…
DetailsYeah! He got lost driving back from the grocery store, which was 5 blocks from his house. Thankfully he had enough sense to say, “That’s it” and parked his car, arranged for the sale and pocketed the money. He put the car sale money in a separate account that he uses to pay for cab…
DetailsLandmines? What are they? What is the right amount to pay? Should there be a written agreement? What about taxes? Full discloser to all the family? How will this impact getting Veterans Benefits and Medicaid? “According to a report by the National Alliance for Care giving and AARP, 43.5 million Americans looked after a friend…
DetailsTime whizzes by and many of us still put off planning our future. It just seems too hard. I want to make it easy for you to address the estate planning side of your life. All you need to do is follow simple steps. Get out a blank piece of paper and just start writing…
Details1. Create an asset to pay for a grandchild’s education. Did you know that you could pay for a grandchild’s education by planting a black walnut tree? If you plant the tree at a child’s birth and sell it when that child goes to college, you can sell it for approximately $60,000. This is according…
DetailsThe greatest gift you can give the special people in your life is to make certain your affairs are in order. Then, they can help you if you are too ill to help yourself or deal with the issues the day you die. What a grim topic to talk about during the Holiday Season. But,…
Details
