This article answers some of the most frequently asked questions about estate planning.
Posts Categorized: Estate Planning
Asset Preservation Requires Proper Planning
Many people faced with mounting pressure from creditors are looking for ways to protect their assets. Once you are in financial trouble, it may be too late. Proper asset preservation planning must be done and implemented before the storm clouds gather.
Three Deadly Mistakes of Business Succession Planning
What not to do when figuring out how to make sure your business will outlive you.
Whistleblower Lawsuit Alleges that Hospice Fraudulently Used as Profit Center
A national hospice company improperly cycled patients through nursing homes and hospice with a goal of making as much profit as possible from Medicare, according to a whistleblower lawsuit announced in early January.
Business Exit Planning – Begin With The End In Mind
It has been said that seventy percent (70%) of Americans have done no estate planning. I would suspect this number may be even higher among business owners when it comes to creating an exit or succession plan for their business.
Fourth Quarter 2011 Tax Developments
There were a number of important tax developments in the fourth quarter of 2011. Be sure to consult your trusted tax advisors if any of these apply to you.
How to Deal the Family Vacation Home in Your Estate Plan
Is there a way to hand off a vacation home to the next generation so that everyone still wants to spend time together there? Tensions often mount when a family figures out what to do with a property that could be a lightning rod for sibling rivalries—not to mention a sizable chunk of an estate. Here is some wisdom on the subject from the Wall Street Journal.
Where Not to Die in 2012
“Most of the states are still in pretty poor shape, and if the economy doesn’t improve you might see more action by state legislatures seeking other sources of revenue,” says James Walschlager, an analyst with tax publisher CCH, a Wolters Kluwer business. Here is the good, the bad, and the ugly about State death taxes.
Study Shows Inherited Wealth Is Squandered
70% of intergenerational wealth transfers fail, according to research conducted on over 3,250 families who transferred wealth.
Employee or Independent Contractor? Your Chance to Come Clean
Whether you are an employer of thousands or an employer of one, you could be sitting on a tax powder keg. Here is some helpful guidance.