Anyone who grew up with siblings understands how easy it is to fall into the same patterns of their childhood, even when they are adults. The oldest siblings might still tease the youngest, and the youngest might quickly become defensive and upset. You may think that you leave these patterns behind when you are an …
You just got married or had a child and decide it’s time to make an estate plan. Where do you start? What do you need? Should you just draft a will and be finished? Wills are important, but there is much more to an estate plan. Read on to learn about six important components you …
It’s never easy to watch your parents get old, but it’s something you’re likely to face in the future. Since you want to do your best to help, it’s important to work closely with your parents to ensure that they have the right long-term care strategy in place. Not only does this strategy affect your …
Read more Long-term care, estate administration and your elderly parents
You’ve got a comprehensive estate plan in place to help ensure that your assets are passed down to your children and grandchildren as you intend. However, your adult children likely don’t feel a sense of urgency to do the same. They may think that they’re too young to think about estate planning, even if they’re …
When you’re creating your estate plan, you’ll need to determine what details you want to share with family members and what to keep to yourself. Of course, there are some things you’ll need to discuss with at least one or more family members. For example, you need to get someone’s agreement before making them your …
Read more How much info should you give your family about your estate plan?
It doesn’t matter if you’re creating an estate plan in Florida or facing the probate process after the death of a loved one, it’s critical to understand the finer details to ensure yourself of making all the right decisions. There are times when the probate process is uncontested, with everything unfolding as planned. Contested probate …
Are you unable to resolve your tax debt? Very few things in life are as stressful as owing the IRS money, especially if you do not have the funds to pay what you owe. “So what should I do?” You are probably wondering. Well, this should not be a complicated issue if you can get …
Everything related to taxes tries to even out. What is a deduction to one person, is typically income to another. For example, when I contract work I issue a 1099-MISC to the contractor. This is a business deduction for me, and the contractor will report the 1099-MISC as income to them. Examples of this type …
65 is the new 45 – just ask my mother! And while people are living longer, the Social Security system has not caught up to speed. In the mid-1940s, there were 42 workers paying in for each Social Security beneficiary. By 2020, this ratio will drop to 2.8 workers per beneficiary. As if that wasn’t …
New year, new firm, new blog! Big changes in 2018, not just for myself, but for the area of law I practice in – the very exciting area of Tax Law. Don’t fall asleep just yet! I promise you will find this blog entertaining and informative (ok – probably just informative). January’s post is dedicated …
