“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...
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...
“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...
“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...
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...
“Lump sums can come from several different sources – a pension payout, inheritance, the sale of property or a business, or even winning the lottery,” observes financial advisor Jennifer, of Portfolio Solutions. In the debate about whether dollar cost averaging is the...
Two and a half months after Prince’s death, the distribution of his estate seems no clearer. The list of those claiming they deserve a share of the inheritance from late singer Prince Rogers Nelson appears to be growing by the day. The basic problem? Prince died...
When we’re assisting our clients who are wartime veterans or surviving spouses of wartime veterans obtain the VA benefits they deserve, we go in knowing that is no easy task. Of course, part of the difficulty is a natural result of the sheer size of the Veterans...
“We want you to know how VBA is performing on behalf of our nation’s Veterans, their families, and their survivors” is the opening sentence on the U.S. Department of Veteran’s Affairs website. Here’s the big picture, according to the VBA: VBA currently serves nearly...
Our senior clients suffered a big disappointment in January – after years of getting a “raise” in their social security benefit, alas, there was no cost-of-living increase for 2016. And just why was the cost-of-living adjustment withheld this time? As Jonathan...
