Eight Major Estate Planning Mistakes Most People Make
Take care to avoid these eight (8) major estate planning mistakes. 1. Relying on the Government’s “Estate Plan” One of the biggest mistakes people make in estate planning is to not have an estate plan in place at all. This puts families in the position of being subject to government rules and regulations about all […]Continue reading
Protecting Assets When a Spouse Receives Medicaid
Avoid Family Feuds When Distributing Assets
Many people have wills drafted to include bank accounts, stocks, and other probate assets. But they overlook planning for personal possessions. Bitter disputes can erupt over items that have more sentimental value than monetary worth, including furniture, photographs, jewelry, and artwork. This article provides answers to commonly asked questions about how estate assets are distributed, […]Continue reading
DAMNED IF YOU DO; DAMNED IF YOU DON’T (More Trouble with IRAs in Community Property States)
Isaac and Dorothy Boggs were happily married with three sons and resided in Louisiana. When Dorothy became ill and suddenly died in 1979, the family was grief stricken. Isaac, who was a career businessman, mustered up the strength to move on and eventually married Sandra Boggs. Isaac retired from his long and fruitful career in […]Continue reading
Picking an Executor: Four Questions to Ask
When considering who should serve as the executor of your estate, you may automatically think of a certain relative or close friend. But think carefully. Make sure that you pick the most competent person possible. Being an executor can be a tough, time-consuming job. In some families, the decision of who to pick as an […]Continue reading
ICE Raids – Know Your Rights
In light of the recent raids conducted by Immigration and Customs Enforcement (ICE) officers, worry and anxiety has been spreading like wildfire throughout the entire immigrant community. While we do not know the extent to which the ICE raids have increased since Donald Trump started serving as president, we do know one thing for sure […]Continue reading
How Much Does Probate Cost in Louisiana and How Long Does It Take?
THIRD CIRCUIT ISSUES WARNING ABOUT COMPUTER-GENERATED WILLS AND TESTAMENTS
C-CORPORATIONS DO NOT YIELD TAX SAVINGS FOR PROFESSIONALS
Tax planning is like football. Planners (offense) look to exploit weaknesses in the Tax Code, while the IRS (defense) constantly seeks to plug any holes. This is why the Internal Revenue Code is so complicated – because it resembles a leaky dike fortified with duct tape to plug the holes. Tax planning tends to elevate […]Continue reading