“Portability” is a concept that the IRS allows wherein by filing an Estate Tax Return or IRS Form 706, one may preserve the unused Federal Estate Tax Credit of the first spouse who passes on. The Estate Tax is due when the second Spouse passes on. Each spouse has a Unified Credit amount allowed by... [Read More]
Category: Living Trust
More Mall Shootings Show the Uncertainty of Life
An eighteen year old young man opened fire in a busy Mall in Maryland this past Saturday. Two people were killed before he turned the gun on himself. An hour before the people that were killed in the Mall on Saturday had no idea that their lives were about to end. Hopefully they left their... [Read More]
Setting Your Course
Back in the time of Tall Sailing Ships the captains would use their sextant at night with the stars in the sky to set the ship’s course. During the day the Captain could not see the stars and would often get off course due to winds and the sea currents. However, every night they would... [Read More]
Traveling South
Many people travel south during this time of year. They’re often called “snow birds”. They may be going for a short trip or a few months. It may be to head to warmer climates. Anytime you are traveling out of your home state you want to make sure that your Healthcare legal documents work outside... [Read More]
Cold Enough to Kill!
The current weather in the Eastern part of the United States is “Is Cold Enough to Kill!” If you are out in this weather for any extended period of time you could easily suffer from hypothermia or frostbite which could lead to death due to exposure. Not only do you have to dress warmly if... [Read More]
New Year’s Resolutions!
We make New Year’s Resolutions to commit to improving our lives by taking on some needed task or change in our lives. It is often health related or money related. Both radically affect our lives. Maybe now is the time to take care of that needed planning for paying off our debt, planning for retirement... [Read More]
Merry Christmas and Happy Hanukkah!
We wish you and your loved ones a warm and gracious time with loved ones. For many of us our family consists of friends who can be closer than brothers and sisters. As the year winds down remember to be thankful for even the smallest blessings. We wish you warm feelings of contentment and joy.... [Read More]
Going out on the Dance Floor
In the last year and a half I have really enjoyed Ballroom Dancing. As one of my friends says, “It does not come easy, but when it comes it is lovely.” It takes time and effort but it is great fun for me. Last week I was near a dance floor when a sixty-six year... [Read More]
Actor Paul Walker’s Estate
It is anticipated that 40 year old actor Paul Walker’s Estate will go to his daughter, Meadow. The Estate is estimated at $45 million dollars, mostly from the “Fast & Furious Franchise” of which Walker starred in 6 of the 7 movies. He also had other roles. It is unsure if Walker left a Living... [Read More]
Remain Thankful
Thankfulness is the antidote to worry. If we will count our blessings (as small as they are) by counting 5 to 10 things we are thankful for daily, we improve our lives. This is a great prescription for mental and physical health. If we focus on the gifts that we’ve received, instead of the challenges... [Read More]