Income Tax Saving Tips for 2014 Returns

February 13, 2015

Tax Season is upon again upon us.  It can be a stressful time for anyone as it seems that there are constant updates to the tax codes and laws that make it nearly impossible for the average American to keep up with them.  Fears of overpaying taxes or an IRS audit make the process all the more stressing.  The following are some tips to consider as you survive the 2015 Tax Season.

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Settling Trust and Estate Disputes Without Litigation

February 6, 2015

Attorney Richard S. Bryson, with Bryson Law Firm, P.C., hosted a live teleconference on avoiding costly litigation when resolving trust and estate disputes on December 3, 2014.  The seminar was designed to educate  estate and trust attorneys, accountants, Continue reading

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Senior Planning

March 22, 2012

elder-law2Of all the challenging decisions involving a senior, the hardest has to be the maze of choices involving care options. When a senior lacks mental or physical capacity to live alone, the choices are not obvious. Can the senior continue to stay home with a little extra help? Are personal care homes capable of providing appropriate medical care? Will the high quality of life focus provided by assisted living facilities deplete the senior’s lifetime savings available? Do the long-term care needs of the senior justify the high costs of 24-hour skilled care of a nursing home? Can the senior’s funds be used to make improvements to a child’s home to allow the senior to move in (e.g. in-law suite)?

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Estate Taxes

January 19, 2012

It comes as no surprise to anyone that action or inaction by Congress in 2012 will drastically alter the estate tax landscape. The estate tax exemption (i.e., amount of assets not subject to estate tax at your death) will go from $5 million to $1 million in 2013 if Congress does not act. Planning for this uncertainty can be challenging. The best plan for many clients is to implement a “disclaimer” plan in which the surviving spouse gets to decide how much to “disclaim” in setting up estate tax avoidance trust.

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