“When parents are absent or unable to raise their children, grandparents are often the ones who step in,” explains HelpGuide.orghttp://www.helpguide.org/articles/grandparenting/grandparents-as-parents.htm. While raising a second generation brings many rewards, it also...
Month: August 2016
Candidates’ Positions on Estate Taxes
According to the Tax Foundation, tax policy is shaping up to be one of the major issues of the 2016 presidential campaign. Let’s first review the basics of estate tax law as it now stands: The IRS website defines the tax on estates: “The Estate Tax is a tax on your...
Don’t Wait for a Vacation or a Friend’s Death to Plan Your Estate
“I’ve found that the two most common times clients revise an estate plan are when a vacation is coming up and when a friend or family member has just died or received a bad diagnosis,” writes Patricia Annino in the CPA Insider. Pointing out the obvious, Annino...
Estate Planning With Purpose
“The wealthy make a difference in many ways,” the U.S. Trust "Insights on Wealth and Worth 2016" survey revealed, including: Donating to not-for-profit organizations Volunteering time, skills, and service Serving on boards Considering societal and environmental impact...
Toxic Succession Plans
It’s really too bad. The relationships among family members may have been very loving and congenial. The estate plan may have been developed with the greatest care and fairness towards all heirs. But, when property passed on from one generation to the next turns out...
