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. […]
Read More

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, […]
Read More