TIDYING UP YOUR ESTATE PLAN IN 2013


It is well established that an individual is entitled to direct the disposition of his or her property upon death in accordance with that individual’s own desires.  With a few exceptions, there is no legal requirement that a person’s property be left to his or her heirs at law.  Perhaps a person chooses to leave a portion […]
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Parents and Children – Living Together


Confirming what many have suspected, the Census Bureau has released figures that increasingly seniors are living in multi-generational families. These are families where grandparents, parents and often grandchildren share a home together. Certainly, the economic downturn has provided some of the impetus for these increasing numbers, but other factors seem to be contributing as well. […]
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Portability Is Made Permanent


The American Taxpayer Relief Act (2012 Taxpayer Relief Act) was signed into law on January 2, 2013. The Act in part permanently increased the federal estate tax exemption to $5,000,000.00 to be indexed annually for inflation (which is $5,250,000 for 2013) and established a top tax rate of 40%. As part of the new law, […]
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