Personal Relationship Contracts: Prenuptial, Postnuptial and Cohabitation Agreements


If you are getting married, already married, or just living with your significant other, you might consider making an agreement with your partner to clearly define your rights with respect to your separate and jointly-held property. Each of these personal relationship contracts can be briefly explained as follows: The Prenup. A prenuptial agreement, or premarital […]
Read More

June AFRs Announced


For the month of June 2010 the Applicable Federal Rates (AFRs) are as follows: For this same period, the Section 7520 Rate will be 3.2%. To go directly to the IRS’ publication, please visit the following website: http://www.irs.gov/pub/irs-drop/rr-10-15.pdf.
Read More

Important Post-Mortem Elections to Consider


During the administration of a decedent’s estate / trust there are several tax compliance issues and post-mortem elections that a personal representative and /or successor trustee should be aware of in the exercise of his/her fiduciary duties and to insure the efficient administration of the decedent’s affairs. The personal representative of the estate will not […]
Read More

Protecting Your IRA


With the downturn in the economy, it is hardly surprising that creditors are getting more aggressive and creative in their efforts to reach the assets of debtors. There have been several cases recently which resulted in creditors successfully seizing a beneficiary’s interest in an inherited IRA. To give the reader some perspective, assets held in […]
Read More