How Can I Choose an Estate Planning Lawyer?
Planning for the future provides protection and peace of mind, making it increasingly important to seniors as they approach their twilight years.
Does Power of Attorney Perform the Same Way in Every State?
The law sometimes appears to contradict itself. Specifically, the words ‘anything and everything’ do not always legally mean ‘anything and everything’.
Can I Protect My Inheritance from Divorce?
Your dad bequeathed you a generous sum of money on his passing. Those gifted and inherited assets, in many instances, will be considered ‘separate property,’ not marital property. That might mean that they might not be subject to division, if you divorce. However, perhaps you want to backstop that hoped-for result to make the protection more likely to stick if your marriage doesn’t work out.
How Does Gift Tax Exclusion Work?
In 2022, the annual exclusion for Federal Gift Taxes increased to $16,000 per person per year. Although there is near-universal acceptance of the importance of gifting, there are several issues you should consider before making any gifts.
Can You Get a Tax Deduction for Giving a Gift?
In terms of federal tax law changes, the last year had much ado but little change.