“We just celebrated the 100th anniversary of the estate tax. It has already been repealed and reinstated four times. This would be the 5th.” observes Susan Rounds, JD, CPA in the Journal of Estate & Tax Planning., referring to the many proposed tax law changes...
Encase, Don’t Laminate Medicare Cards
The Social Security Administration advises against card lamination. Why? Cards may have built-in security features that could be compromised in the process. Instead of laminating your Medicare card, purchase a plastic ID card holder. Why is Social Security suddenly...
Trump Delays Clients’ Interests First Rule
There’s been a long, almost six year battle over the U.S. Department of Labor’s planned fiduciary rule, originally slated to begin implementation on April 10. The news is – the rule is being delayed at least six months. The Fiduciary Rule would require financial...
Fair Compensation for Power of Attorney Agents
Many people wonder if they are entitled to be paid for serving as an agent under a Power of Attorney. Generally, an agent is entitled to reasonable compensation, but as AgingCare.com clarifies, “Regardless of how much time and effort has been spent by the POA… the...
Gray Areas in Estate Planning for Gray Divorces
Whenever married individuals divorce, their estate plans likely need some updating. When it comes to “gray divorce”, there is a definite need-to-change. Americans over 50 are getting divorced at a record rate, ICLEF notes in its “Law Tips” website. The special...
Estate Planning Attorney Explains the 4 Cs
“Now comes the hard part,” Liz Skinner wrote in Investment News last year, when the Labor Department came out with new fiduciary rules for financial service providers. The DOL fiduciary rule, set to take effect next month, basically states that all financial advisers...
