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
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?
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
For many, the holidays are a time filled with family gatherings, love and laughter. However, it may also be a time when family members first notice that their elderly loved one can no longer continue to care for him/herself. It may be that you notice that … [Read more...] about Conservatorships, Guardianships, and the Holidays
No one gets married planning to get divorced. However, it is estimated that over 50% of first marriages end in divorce. For people whose marriage ends in divorce when they are under 45, 75% remarry within four years. More than half of remarriages involve … [Read more...] about Yours, Mine and Ours – Estate Planning for the Second Marriage