by Kathryn A. Flanigan | Dec 4, 2014 | Estate Tax
Now that the holidays are here, many people are wondering how to complete their shopping without blowing their budget. Others are considering how to maximize their end-of-year charitable giving so that their tax bills will be manageable come April. With tax planning...
by Kathryn A. Flanigan | Nov 30, 2014 | Estate Planning
Tis the season to plan for the future. The holidays are a time for making tax-beneficial decision about money; particularly end of year bonuses that could mean the difference between one tax bracket and another. With that said, Roth IRA contributions will be made at...
by Kathryn A. Flanigan | Nov 22, 2014 | Estate Planning
For adult children, asking about a parents estate plan may be a taboo that they feel they should not approach. After all, asking about what ones part is in a will, or what is being left to them may make an adult child seem petty, opportunistic or downright greedy;...
by Kathryn A. Flanigan | Nov 14, 2014 | Estate Planning
To most people, estate planning may seem like an insurmountable task given the assets and property they have accumulated over the years. For others, they may feel as if they dont need an estate plan because they hardly have any assets. However, for people of any age,...
by Kathryn A. Flanigan | Nov 7, 2014 | Estate Planning
An important aspect of estate planning is the ability to pass ones values and convictions onto a waiting generation. This can be particularly important to those who feel that their children may squander their fortune if they give too much too soon. Moreover, they may...
by Kathryn A. Flanigan | Oct 29, 2014 | Estate Tax
The death of famed comedienne Joan Rivers was a shock to the entertainment world. Rivers had a remarkable career and had to reinvent herself more than once to stay relevant in the industry she loved. Even to the very end, Rivers had a schedule that many comedians half...
by Kathryn A. Flanigan | Oct 23, 2014 | Estate Planning
Creating an estate plan may seem like a morbid process, because planning for your death is not exactly ones idea of fun. Nevertheless, no one lives forever, and it is always best to prepare for the unexpected. Even those people who have the foresight and initiative...
by Kathryn A. Flanigan | Oct 13, 2014 | Estate Tax
Its not often that the Internal Revenue Service admits making mistakes. After all, the IRS is probably used to exposing taxpayer mistakes when it comes to reporting income. But according to a recent Forbes.com article, it is being reported that the IRS made a mistake...
by Kathryn A. Flanigan | Oct 8, 2014 | Estate Planning
If you are in the midst of a bankruptcy and you inherit funds from a retirement account, those funds could be the property of the bankruptcy estate; meaning that they may be used to pay off creditors and essentially lost, according to a U.S. Supreme Court ruling...
by Kathryn A. Flanigan | Oct 5, 2014 | Estate Planning
Traditionally, the average estate plans did not deal with digital assets. This is because many people who were of the age that they would consider leaving property to heirs did not have email accounts, data stored on hard drives or electronic profiles. As we draw...
