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Listen Up: These States Will Usher in Changes to Their Death Taxes in 2016

Posted on: December 15th, 2015
In 2015, there are still 20 U.S. jurisdictions that collect a death tax at the state level....

When is an Estate Subject to State Death Taxes?

Posted on: May 1st, 2015
In the United States, certain states collect a death tax based on the value of the deceased person's estate and who inherits it....

Five Changes Proposed in President Obama’s 2016 Budget That Could Affect Your Estate Plan

Posted on: April 1st, 2015
The Obama administration recently released its budget proposal for the 2016 fiscal year. As in past years, this budget proposes changes to the laws governing federal estate, gift and generation-skipping transfer (GST) taxes. Several of these changes would raise revenue by limiting the tax benefits achieved by using certain estate planning techniques, while others would decrease exemptions and increase rates. In addition, the fifth proposal discussed below is a brand new one that has raised some eyebrows:...

Five Things You Need to Know About the Recently Enacted ABLE Act

Posted on: February 15th, 2015
On December 19, 2014, President Obama signed the Achieving a Better Life Experience Act (ABLE Act) into law. The ABLE Act will allow certain individuals with disabilities to establish tax-free savings accounts that can be used to cover expenses not otherwise covered by government sponsored programs. These accounts can be a great alternative or supplement to special needs or supplemental needs trusts....

Paying for College - and Estate Planning

Posted on: May 15th, 2014
With higher education costs outpacing inflation by 5-6% per year, and the average cost of a four-year public school at nearly $20,000 per year (double that for private schools) it's no surprise that many parents and grandparents are deeply concerned about how they will pay for higher education. Many of these clients are similarly concerned about estate planning...

Parental Warning: If You Own Your Property this Way, You May Accidentally Disinherit

Posted on: March 15th, 2014
Owning property as Joint Tenants with Right of Survivorship is easy, common, and often disastrous. Sadly, children - both minor and adult - are often disinherited....

Are You Wasting Money? Part 3

Posted on: March 1st, 2014
So far in this series on wasting money, we have looked at how people may overpay for housing, interest, transportation, food, clothing and entertainment. In this last part, we will look at a few more areas in which we may pay more than necessary--taxes, insurance, not obtaining bids for services, and not negotiating for large purchases....
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