Category Archives for Blog
New Federal Law For Corporations Requires Filing With Treasury
In case there were not enough corporate laws requiring disclosures and filings a relatively new federal law passed by Congress and made effective January 1, 2024 will affect many small companies and require disclosure of the company’s “beneficial owners.” The law labelled the Corporate Transparency Act aims to combat illicit activities such as tax evasion […]
Continue readingWhat You Should Know When an Executor Sells a House
You could have been named Executor in a Will or you could be a prospective buyer of what has been a family residence. From the perspective of an Executor/Executrix, selling the family house can be one of the most significant and one of the most demanding jobs associated with settling his/her parent’s estate. Arranging for […]
Continue readingShould You Place Conditions on Inheritances
When it comes time to write your Will you might have certain specific goals in mind. Some of those goals can outlive your own life. How far you can control from the grave is a subject of regular concern. You might want your granddaughter, Allison, to get married or your son, John, finally to graduate […]
Continue readingDo You Really Want To Handle Probating An Estate On Your Own?
You might have a job or just have retired and you learn suddenly that your Great Aunt Lucy died and named you Executor of her Will. How hard could it be you ask to resolve an estate by yourself without professional advice or a competent professional beside you? You might decide to strike out on […]
Continue readingWhen Your Children Do Not Want What You Have
Michelle Singletary, a regular columnist with the Washington Post, recently penned a Personal Finance column comically titled “Our kids don’t want our paid-off house – or our ashes…” See Advice by Michelle Singletary, https://www.washingtonpost.com/business/2023/11/17/kids-sell-parents-inherited- house/ November 17, 2023. The gist of the article was, as might be imagined, the idea that some of the possessions […]
Continue readingQCD Year End Tax Strategies Expanded
For taxpayers who stress over annual Required Minimum Distributions and are also inclined to charitable giving, Qualified Charitable Distributions or QCD’s have been a useful tool to accommodate both relief over federal income tax angst and the desire to donate. QCD’s can use the federal tax code to benefit taxpayers, mostly in the upper income […]
Continue readingTax Considerations When You Own a Second Residence
When you own a home and, after your last vacation, are considering buying another residence it should come as no surprise that there are tax and financial consequences, both positive and otherwise to owning more than one property. You might have been smitten by the location or just decided you wanted a change without giving […]
Continue readingPlans Underway For Affordable Housing Alternatives For Seniors
In October, 2022 AARP published a summary of a program they sponsored known as the “2022 AARP Livable Communities Workshop.” The purpose of the program, the article, and the several publications and resources following, many of which are now available on line is “to <bring> together thousands of local leaders, housing practitioners, and AARP staff […]
Continue readingReasons Why a Will Is Not Enough For An Estate Plan
With the beginning of the new year many readers may be looking to redraft their Wills executed years ago or starting out to review their estate plans generally. Having attended several programs over time and drafted many estate plans I know the emphasis has almost always been on explaining Wills. Today it is most often […]
Continue readingHiring a Work Injury Attorney for Fair Compensation
Work-related injuries can be physically, emotionally, and financially devastating. When you’re injured on the job, navigating the workers’ compensation process can be complex and overwhelming. This is where the expertise of a workers compensation attorney becomes invaluable. Here’s why hiring an attorney is crucial in ensuring you receive the right compensation you deserve. 1. Legal Expertise: […]
Continue readingDUI Cases: A Guide to Understanding and Action
Facing a DUI charge is a serious matter with potential legal, financial, and personal repercussions. Understanding the implications and knowing how to respond is crucial for individuals involved in DUI cases. 1. Immediate Actions If you find yourself pulled over for suspicion of DUI, it’s essential to remain calm and cooperative. Comply with law enforcement’s […]
Continue readingHow the Government Shutdown Affects Us
Now that the government’s partial shutdown is entering its fourth week, Americans are asking not just how long it will last but also how it affects them and those close to them. For some estimated hundreds of thousands of government workers the answer is obvious. They have gone without at least one paycheck and are […]
Continue readingDo You Need To Retire?
When you reach a certain age – it could be 65 or somewhat older or younger – someone will likely confront you and ask what are your retirement plans or even assume you must be or should be retiring. Retirement for many who either have generous defined benefit pension plans or have saved over the […]
Continue readingSecond Marriages Might Complicate Long Term Care
When illness strikes you do not usually think of legal relationships but when a spouse needs serious care and is married to a second wife or husband, family relationships can bring with them unexpected problems and conflicts both for the second spouse and for children by a prior marriage. This is what sometimes happens. Suppose […]
Continue readingHow Much Does It Take To Be Rich
A recent article in Financial Advisor, an on-line magazine targeting financial planners, attracted my attention with its title “Here’s How Much Money You Need for Bankers To Think You’re Rich,” https://www.fa-mag.com. The article authored by Suzanne Wooley and cited back to Bloomberg News, was intriguing especially since I had heard informally that bankers value a […]
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