Don’t let financial speculation prevent you from making tax-free gifts to or for the benefit of your loved ones. The three main types of tax-free gifts are annual exclusion gifts, medical exclusions, and education exclusions. 1. Make Annual Exclusion...
So, you've created your trust, established a pour over will, and named your trustees. After all that time, effort and cost, surely you're all set, right? Not quite.
By now you’ve heard that Congress has acted — even if at the eleventh hour — and they made the estate tax ‘changes’ permanent. We can bet that permanence has some impact, but if later Congresses want or need to change...
Effective July 1, 2011, Illinois enacted a new power of attorney law that better outlines the rights and responsibilities of those acting as your agent and the responsibilities you transfer to someone to act on your behalf. Powers of...
With only a few weeks left in the year, the likelihood that Congress will decide to extend the Bush-era tax cuts becomes smaller and smaller. In 2011, the Senate and House of Representatives will be controlled by different parties,...
