The Fiscal Cliff negotiations are done and the law has been signed. Many people know about the affects of the income tax on the wealthy and the expiration of the payroll tax on Americans. However, what happened to the Estate Tax? Also, what should people do to plan if they may ...
I get asked all the time "Why do I have to plan for the "DEATH TAX"... "Are we ever going to see the Estate Tax elinated in our lifetime? Why do we keep having to deal with the "DEATH TAX?" My answer is usually the same: "I don't know", or "I doubt it" and "we have to plan for th...
Adding someone as a Survivor, "Payable On Death" or Co-Owner to an account means that person will own the account upon your death Many banks or investment companies do not thoroughly explain that add
The Benefits of "limited liability" Many people come to me wanting limited liability. Limiting the liability of the owner is important. Every state allows an owner of a business to create an entity
What is a Deficiency Judgment? A "Deficiency Judgment" is a judgment a creditor with a security interest on real property may obtain if and when that creditor is "under secured" on that property. The
Do the correct notice Make sure you do the correct notice. If its a non-payment of rent issue, you need to do a 72 Hour notice. A no-cause eviction requires a 30 day notice for a month to month ten
Be Organized Just like an attorney, a party needs to have an organized case in court. Every judge knows that parties in court are not lawyers and are usually nervous. However, having exhibits and d
The Prospective Plan-The Estate Tax is Here to Stay President Obama's plans are not absolutely clear now but he does intend to ask Congress to change the law repealing the estate tax in 2011 (along w
What to do-Will or Trust? Most younger couples or couples with few assets decide to do wills. This is the simplest form of estate planning because it does not require any kind of lifetime management
Incorporate Every business owner, no matter how small, should have a Corporation or LLC and have a Tax professional and lawyer help them set it up and advise them on how to manage it. This is the fir