Estate Planning is More Complex if You Live in Oregon and Have a Large Retirement Plan For many people, the largest asset in their estate is their 401K, retirement plan or IRA. With recent changes to Federal Estate Tax Law increasing the exemption in … [Read more...] about Estate Tax Law
Is Your Dog or Cat Prepared to Live Without You?
Every day I go off to work and leave my two dogs, Daisy and Angel, behind to guard the house. Because Daisy and Angel’s combined weight is less than ten pounds, I have a sinking suspicion that they are less than diligent in this duty. However, when I … [Read more...] about Is Your Dog or Cat Prepared to Live Without You?
Avoid Unpleasant Springtime Tax Surprises
This is the time of year when last year's taxes weigh heavily on the minds of many. For most of us, there is not much we can do at this point to change last year's tax picture, but it never hurts to consider how to manage affairs moving forward. The … [Read more...] about Avoid Unpleasant Springtime Tax Surprises
Can You Protect Your Assets Before You Qualify For Medicaid?
As the population ages, long term health care planning becomes more important. By long term health care, we mean any health care that extends over a long period of time. This can be assisted living, in home health care, care in a nursing home, or group … [Read more...] about Can You Protect Your Assets Before You Qualify For Medicaid?
Saving Estate Taxes Through Annual Gifts
Under the current law you can give gifts tax-free up to $13,000 per year. This can be either cash or other property. For example, if you gift to family members and you have a large family with five children and five grandchildren, this means you can give … [Read more...] about Saving Estate Taxes Through Annual Gifts