It can be hard to get motivated about your estate planning. For some people it sounds about as fun as getting a root canal. However, you also probably want to make sure that your loved ones are protected and...
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...
We have all heard the well-worn phrase: “if you fail to plan, you plan to fail”. This is no more true than in the area of Exit Planning, especially for healthcare professionals. Many times we see physicians focusing on day-to-day issues...
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,...