Business Formation Basics

July 17, 2015

If you have a business, why should you form a business entity?  There are two big reasons – ASSET PROTECTION and CREDIBILITY.

 

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VA Eligibility Changes

April 24, 2015

He's always been my hero!He's always been my hero!He's always been my hero!iStock_000038685500LargeVA Aid and Attendance Pension Eligibility Rules are changing. Veterans and their spouses benefit from a monthly pension called Aid and Attendance to assist with payment of long-term He's always been my hero!care expenses (e.g.  care providers, assistance with activities of daily living, wound care, etc.,) provided the Veteran’s assets and income are below the cap established by the Veterans Administration.

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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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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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