by Kathryn A. Flanigan | Jan 29, 2013 | Uncategorized
Due to the recent recession and the rising costs of healthcare, it is not unusual for adult children to be providing significant financial support for parents. The good news is that the federal government provides several ways for you to get a tax break for this...
by Kathryn A. Flanigan | Jan 29, 2013 | Uncategorized
When trying to decide whom to name as the executor of an estate or a trustee of a trust, many people turn to their children or close family members. Parents with more than one child often feel they should name the eldest; however, what should guide your decision is...
by Kathryn A. Flanigan | Jan 29, 2013 | Uncategorized
2013 ushered in not only a new tax year, but also a number of new tax laws. Now is the perfect time to schedule an appointment with your Irvine estate planning attorney to review your estate plan, keeping these things in mind:1. If you don’t already have one,...
by Kathryn A. Flanigan | Jan 15, 2013 | Uncategorized
Wealthy Californians who dropped a sizable gift on heirs in December due to uncertainty about estate and gift taxes may be having what financial experts are referring to as “gifting remorse.”In a move that surprised many estate planners, Congress made...
by Kathryn A. Flanigan | Jan 15, 2013 | Uncategorized
Planning for a long and prosperous retirement is no longer just about money. Here are six tips for boomers to plan for the new retirement:1. Get healthy. This should take priority even over saving more money, since significantly improving your physical health will...
by Kathryn A. Flanigan | Jan 15, 2013 | Uncategorized
This year, retirement benefits are changing in a number of important ways; here is a summary of those changes:Contribution limits to 401(k)s and IRAs increase by $500, but catch-up contributions for taxpayers over the age of 50 remain unchanged. The 2013 contribution...
