In Estate Planning – An Ounce of Prevention is Worth a Pound of Cure

In Estate Planning – An Ounce of Prevention is Worth a Pound of Cure

Preparing for the Inevitable

Preparing for the Inevitable

Division Without Divisiveness

You've probably heard the horror stories - how sometimes families are torn apart by hard feelings stemming from the inequitable division of estates or even from the perception that the division was not fair. As an outside observer, it might be easy to dismiss such cases as pointless, petty, and avoidable. But how easy it is for all of us to repeat the same mistakes that led to these tragic consequences!

Limited Liability Company - LLC - What is it?

Limited liability company (LLC) is the strongest asset protection business devise. The limited liability company has significant financial and tax benefits. LLC with multiple members avoids double taxation by reporting income tax and tax deductions on member's income tax return using IRS Form 1065 and Schedule SE (i.e. Self-Employment Tax). Creditor has to pay taxes because of charging order providing asset protection from creditors and contingent-fee lawyers.

Estate - Your Questions Answered - Health Savings And Power Of Attorney

Currently, the premium is split 50/50 between employer and employee. I pay $205.00 per month. Under the HRA it will still be split 50/50, but the employer is going to fund each employee's Personal Medical Fund up to $900.

Estate - Signed, Sealed, Delivered - It's Theirs

My last few articles have focused on various end-of-life issues that were made very real to me due my mother-in-law's recent death. In this article, we'll discuss the simple steps you can take that will make dividing your personal possessions easier on your family.

ILIT - The Irrevocable Life Insurance Trust

If you are contemplating buying life insurance to pay estimated future estate taxes, you will probably want to use an Irrevocable Life Insurance Trust. Here's why...

Real Estate Tax - Tax Maps, Real Estate Tax Exemptions, Estate Tax Lien Information and More

On real estate tax. History of real estate tax, property assessor, real estate tax maps; limitations of increasing property taxes with homestead real estate tax exemption; delinquent real estate tax penalties; lien on property and use of tax certificates; about estate tax lien and filing affidavit by executor to remove estate tax lien. Real estate worth more than $1.5 million subject to federal estate tax.

Living Will

a living will can make difficult medical decisions so you family does not have too.

A Proactive Approach To An Exit Strategy Is The Only Approach To A Successful Exit Strategy

Today, there is a noticable lack of consistency in how Exit Strategy services are delivered to business owners. This inconsistency exists, even though succeeding a business is one of the most important and complex financial decisions that will be made in a business owners lifetime. In this article, John Leonetti, Esq., M.S. Finance, CM&AA discusses how a proactive approach to an Exit Strategy is the only approach to a successful Exit Strategy.

What Are Living Trusts ?

A living trust is where you entrust certain properties and or funds to either one individual or group of people, using a trust you set up while you are living and in the right state of mind. The person or people become you beneficiaries and you can change your living trust at any point in time that is needed.

Certificates of Deposit - What is it?

Define Certificate of Deposit (aka CD) and what is a domestic CD and what are the International CD options such as Offshore CD or Eurodollar Certificates of Deposit. The advantages of International CD are higher interest rates, income tax benefits, anonymity. BNP, Banco Nacional do Panama. London Interbank Offered Rate (LIBOR) discussed.

A Joint Tenancy Is Where Two Persons Co-Own A Property

A Joint Tenancy is where you and another person co-own or cohabitate the same property. Joint Tenancy also refers to where a married couple owns a home or property together. You might also want to know that a Joint Tenancy can have more than two people who own the property. The only stipulation to this is that no matter how many people own the property, they all own equal parts.

Living Trust Taxation Tips

A living trust determines how assets transferred to it are handled after your death.

Will or Trust? The Wrong Choice Could Cost Thousands

The average will costs, $400-$500 a trust $2000. Which costs more? Find out the true costs of each and make the most of your estate planning time and dollars.