If you recently lost a family member or close loved one you are undoubtedly dealing with a number of strong emotions, including grief. Thinking about the legal and practical ramifications of your loved one’s death may be difficult under the circumstances; however, if you are a beneficiary or heir of the estate you will need to set aside your emotions long enough to focus on how your … read more
Taxes
The Dreaded “Death Tax” and How to Avoid It [Infographic]
Did you know that your estate is subject to estate taxes, often referred to as the “death Tax” when you die? Learn what you can do during your lifetime to reduce the amount of estate taxes your estate will owe when you die. Click the image to view a larger version. … read more
James Gandolfini Will Details Released
When actor James Gandolfini died in June at the age of 51, he left behind an estate estimated to be worth about $70 million. In early July, a representative of his estate submitted his will to a New York Surrogate’s Court. In that document, Gandolfini left the majority of his estate to his children: a 13-year-old son and an eight-month-old girl. Children cannot legally own property … read more
A Good Active Gift Strategy Takes a Little Planning
If you are making a will in Greensboro, North Carolina and are using it to pass inheritances, you may want to think about developing an active gift strategy as well. While you can easily develop an estate plan that focuses on giving gifts through inheritances, developing a living gift giving strategy can provide you with some significant tax benefits. You’ll need to speak to your lawyer … read more
What the Fiscal Cliff Agreement Means For Your Estate
It’s February and the fiscal cliff drama has faded since the president and Congress reached an agreement. In all the news coverage surrounding the story, the last-minute negotiations, and the subsequent deal, you may have missed the practical effects the deal has on your estate plan. While many people won’t need to worry about the estate planning elements of the fiscal cliff deal, there … read more
Is Beastie Boy Adam Yauch’s Will Invalid?
Check out this week's newsletter - click on our logo below! In this edition, find more about the following topics: Is Beastie Boy Adam Yauch's Will Invalid? Leasing Office Space at 528 College Road Can You Control Your Heirs From the Grave? IRS Gives New Tax Directions for Dual Citizens Medicare B Can Help Defray Medical Costs Give Away Your Potential Tax … read more
