What about heirlooms? You can make specific provisions for family heirlooms and specialty items in your Estate Plan. Many times the family heirlooms or special personal items are considered the most important or emotionally valuable part of any Estate. In other words, your Grandfather’s watch that he wore every day may be more important to... [Read More]
Steven developed a thorough plan to meet our complicated needs with a blended family and special needs child in a timely manner. - Cheryl F.
Mr. Jackson made a tough process easy and painless! - Kyle M.
"Integrity, trust - a rare item - it's here! - Ron F.
Estate Planning is not really about taxes.
Estate Planning is really about the family and not about taxes. When I have asked my clients what their primary concerns are, their first answer is they want to protect themselves in the event of physical and mental disability and protect the surviving spouse in the event of physical or mental disability and in the... [Read More]
President Trying to Raise Taxes Again
I told you so! Most thought that the tax raises that went into effect in the American Taxpayer Relief Act of 2012 would be the end of the raised taxes. The Republicans agreed to raise taxes without receiving any concessions in spending from the White House in negotiating over the American Taxpayer Relief Act of... [Read More]
Care Facility and Mental Disability Planning
In your Mental Disability Planning inside your Living Trust you can be specific as to what particular care facility and what particular location you would like to reside, if necessary. One of the top administrators at a large Retirement Community in the area (that includes independent housing, assisted living and Skilled or Nursing Home care),... [Read More]
NEW YEARS RESOLUTION
As we start a new year we decide to get our lives in order. The number one resolution for Americans is to lose weight. I am right there and have started Weight Watchers. I am looking forward to feeling better with less weight. Other things we do at the beginning of the year is to... [Read More]
TAKE CHANCES!
My Estate Planning clients most often mention something they didn’t do as their biggest regret. My Dad said “the trips” were the most fun thing he did in his life. His biggest regret in life was that he and mom didn’t take a trip with some close friends. (He could have taken many... [Read More]
2013 ESTATE TAX RATES
Under the 2012 Tax Law, the Federal Estate Tax Exemption remains high for 2013. For 2013, the Federal Estate Tax is not due until the total value of the Estate is over $5.25 million. Last year the number was $5.12 million, but has gone up with the Cost of Living Inflation Index. The top Estate... [Read More]
2013 INDIVIDUAL INCOME TAX RATES
2013 Tax Rates have moved based upon the 2012 Tax Law. Individuals earning over $400,000 will pay at a rate of 39.6%. They will pay a higher Capital Gains and Dividend Tax of 20%. The payroll Medicaid Tax on Income and Dividends (Obama Care Tax) is 3.8% on individuals with a net investment income of... [Read More]
New Tax Law
Highlights of the New Tax Law include keeping the Estate Tax Exemption at $5.12 million dollars, but increasing the top tax rate to 40%. Single earners earning income of more than $400,000, or couples earning more than $450,000, will have their income tax rates raised to a higher bracket. Those earning more than $250,000 per... [Read More]
New Tax Law
Highlights of the New Tax Law include keeping the Estate Tax Exemption at $5.12 million dollars, but increasing the top tax rate to 40%. Single earners earning income of more than $400,000, or couples earning more than $450,000, will have their income tax rates raised to a higher bracket. Those earning more than $250,000 per... [Read More]