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When are You Required to File a Gift Tax Return?

The IRS wants to know how much you’re gifting over the course of your lifetime. This is because while gifts may be based on generosity, they are also a strategy for avoiding taxes, including estate taxes, reports The Street in a recent article “Do I Need to File a Gift Tax Return?” Knowing whether you…

Posted on: May 5, 2022

What Needs to Be Reviewed in Estate Plan?

Here are some important parts of your estate plan that should be reviewed.

Posted on: May 4, 2022

Does an Elder Orphan Need an Estate Plan?

This is big concern for millions of older Americans who don’t have a spouse, children or other family they can depend on to watch out for their well-being.

Posted on: April 29, 2022

Can My Ex Get Some of My Estate?

Resist the urge to use your will for vengeance

Posted on: April 28, 2022

Is Succession Planning Necessary for Family Business Entities?

While 88% of business owners believe their family will control their business in five years, statistics from Family Business Institute show that only 33% of businesses survive to transfer to the next generation, and only 10-15% continue to the third generation.

Posted on: April 26, 2022

Do Single People Need Estate Planning?

If you don’t have a spouse or children, you might think you don’t need to do much estate planning. However, if you have any assets, familial connections, or interest in supporting charitable groups – not to mention a desire to control your own future – you do need to establish an estate plan.

Posted on: April 25, 2022

Do Most People Need a Living Trust?

If you’re putting together an estate plan, you have no doubt heard about the benefits of a living trust.

Posted on: April 22, 2022

What are the New IRA Distribution Rules?

The Internal Revenue Service (IRS) recently issued much anticipated proposed regulations that clarify and revise some of the required minimum distribution (RMD) rules for qualified plans (i.e., 401ks, 403bs, etc.) and individual retirement accounts (IRAs).

Posted on: April 21, 2022

How Do I Avoid Probate?

There are good reasons why people want their estates to avoid probate, and a lot of ways to do it.

Posted on: April 19, 2022

No Will? What Happens Now Can Be a Horror Show

It's hard for a family to recuperate when the patriarchs and matriarchs have gone to glory, leaving a battle for who will carry the family's leadership role and manage the family's transition of wealth.

Posted on: April 15, 2022