And then there were three: a pre-convention look at the Presidential candidates’ individual tax reform plans The end of the 2016 primary season is in sight, and while many significant…
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You should always work with a lawyer when setting up a trust. A poorly created trust can be confusing, expensive, and/or ineffective. The trouble with do-it-yourself planning is that even…
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A trust can own almost any kind of asset except for retirement plans. The types of assets that can be retitled in the name of the trust include cash accounts…
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Despite the variety of labels applied to them, all trusts are basically arrangements to hold and control property for the benefit of other people. To the layperson, trusts can appear…
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The new year brings with it many tax changes that affect individual filers, businesses and estates. Some of the highlights include: PERSONAL TAXES: The 2016 standard deductions increase – Married…
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On Dec. 18, 2015, the President signed a bill that included several tax provisions affecting individuals, families, and business owners. Some provisions have been extended permanently—meaning that you can confidently…
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A person who dies is known as the “decedent.” A decedent who dies without a will is known as dying “intestate.” If a person dies without a will, a court…
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From a simple standpoint, many people initially think of an estate plan as having a will. On the more complicated end, some think of an estate plan as an elaborate…
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This past summer (July 2015) , a new law was passed that included changes to due dates for certain tax returns. The law also provides several new extension dates. These…
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Contributions to a Roth IRA aren’t deductible. The amount that can be contributed to a Roth IRA is subject to the same limitations as apply to regular IRAs. Qualified distributions…
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