The federal estate tax is scheduled to rise from the ashes on January 1, and many Hawaii families will feel its bite unless Congress changes current law.
Posts Tagged: Maui
From THE TIME HERALD (SEPT 22, 2010): THE NEED FOR PLANNING FOR SPECIAL NEEDS KIDS
If your ohana includes someone who has special needs, you should be aware of the planning opportunities that can provide for that person without sacrificing eligibility for benefits.
from THE NEW YORK TIMES (SEPT 23, 2010): AT STEINBECK’S GETAWAY AS HEIRS’ FEUD REVIVES
The quaint little house Steinbeck called “my little fishing place” is the focus of a long-running and bitter family estate battle, pitting the surviving sister of the author’s third wife, Elaine, against his oldest son and a granddaughter. Even the best planning can’t prevent all conflict, but there are things you can do to discourage it.
FAMILY ESTATE PLANNING / FINANCIAL TOOLS FOR YOUNG PEOPLE
Talking to your grown kids about finances can be a bummer. Here’s an opportunity to impress them by turning them on to a website that provides some pretty good financial information. Currency, a new service from American Express, helps young adults take charge of their personal finances. It even includes an iPhone app: “Social Currency.” Impress your kids by emailing them a link to Currency.
From THE LOS ANGELES TIMES (SEPT 16, 2010): SENATE APPROVES OBAMA’S SMALL-BUSINESS AID PACKAGE
Last week, on a 61-38 vote, lawmakers pass the bill, which would create a $30-billion small-business lending fund and give $12 billion in tax breaks to encourage companies to invest and hire. This wee, the bill passed the House 237-187. President Obama is expected to sign shortly.
From REUTERS (SEPT 15, 2010): PERSONAL FINANCE: THE YEAR-END TAX PLANNING CHALLENGE
Congress and the White House are busy jockeying for position on whether — and for how long — to extend the Bush income tax cuts that expire at the end of this year. It’s time for you to get busy, too. With just a little more than three months left in 2010, you’ve got to make sure your own tax situation is in order.
Wealth Matters – Preparing Children to Be Safe at College – NYTimes.com
Another installment in the list of things you really don’t want to think about (but should) when you send your kids off to college. A little bit of awareness of potential problems can go a long way to keeping your loved ones safe.
Wealth Matters – Insurance Options for College Students and Their Parents – NYTimes.com
Something you may not want to consider, but should, when you send your kids off to college. Not a bad idea to talk with your insurance advisors about how to deal with risk of loss and protection from potential liability vis-a-vis your budding scholars.
From THE IRS (AUG 31, 2010): YOUR GUIDE TO AN IRS AUDIT
The Internal Revenue Service has launched a new online video series, Your Guide to an IRS Audit, to help small business taxpayers and their tax preparers better understand the IRS audit process.
From THE NEW YORK TIMES (Aug. 6, 2010): FINDING AN ALTERNATIVE TO SELLING & RETIRING
How small-business owners handle the process of retiring or exiting from their businesses will have a tremendous impact on their ultimate level of wealth. Making appropriate decisions in this regard can seem less overwhelming if you see it through the lens of Wall Street: sell, hold, or buy.