Oakland Raiders owner and former head coach Al Davis is famous for a lot of things, including his quote, “We don’t take what the defense gives us; we take whatever the hell we want.” Mr. Davis has gone on to his eternal rewards, leaving his family to face an adversary that is more intimidating than the Raiders in their glory years. But there is good news for the rest of us. Even when you are up against the IRS, there are ways to, in Mr. Davis’ immortal words, “Just win, Baby!”
Posts Tagged: Kihei
Through a Glass, Dimly: The Future of the Estate Tax
Predicting the future of the estate tax is a futile effort, but keep your eye on Congress and your State Legislature. Your ongoing vigilance will help make sure your loved ones do not pay more tax than the law requires.
What does the Debt Ceiling Deal mean for Seniors?
The U.S. Debt Ceiling was raised before the magical August 2 deadline amid great hand-wringing and “the sky is falling” rhetoric out of our nation’s capitol. Despite the tireless efforts of our tireless representatives, our stock market still plunged, and global markets followed suit. Making sense out of the baloney sandwich we have just been fed is tricky.
makuakanelawtv?
This site features video answers to FAQ about estate planning and related topics.
Respite care can be a life saver
If you are a caretaker for someone else, please be sure to take care of yourselff, too.
The Five Documents Almost Everybody Needs
Here are some thoughts about 5 documents that you should have in place just in case you lose your mind or leave your body.
Joint bank accounts can be a bad idea
Think twice before you put somebody else’s name on on your bank accounts. Using trusts or powers of attorney can give you the flexibility you want without exposing your assets to unnecessary risk.
Are You Looking for a Retirement Career?
From The Wall Street Journal Online (June 19, 2011): For retirees calling it quits from the 9-to-5 world, it might be worth considering another career move: landlord.
Don’t fall prey to the 2011 “Dirty Dozen” tax scams
There is a big difference between tax avoidance (which is legit) and tax evasion (which is not). Although it can be frustrating at times, we are nevertheless called upon to render unto Caesar what belongs to Caesar. If you don’t like what you have to render, take it out in the voting booth, not on your tax returns.
Doing Well and Doing Good with Charitable Remainder Trusts
By creating a Charitable Remainder Trust (CRT) and selling assets low basis assets through it, a donor can reap dramatically increased income, get a nice income tax deduction, and benefit a favorite charity. Not a bad way to recover from an IRS-induced April 15 headache.