by Kathryn A. Flanigan | Aug 28, 2012 | Uncategorized
As uncertainty continues its grip on the estate planning landscape, here is some practical advice on what you can do before the end of the year to lessen the sting of anticipated tax increases in 2013:Take income now. Deferring income used to be a given, but since tax...
by Kathryn A. Flanigan | Aug 28, 2012 | Uncategorized
Do you have a favorite organization that you would like to leave money to and still enjoy some tax advantages for you and your heirs? Then you should consider setting up a charitable trust.The benefits of a charitable trust:· You can take an income tax deduction for...
by Kathryn A. Flanigan | Aug 28, 2012 | Uncategorized
A dog called Lucky is aptly named; the three-year-old pit bull mix was first rescued by wealthy Texas businessman Kenneth Bortz and then inherited his entire estate after Bortz died two years ago.Bortz never married, instead preferring the company of dogs and a...
by Kathryn A. Flanigan | Aug 28, 2012 | Uncategorized
When someone dies, does their credit card debt die with them? The answer is, it depends.If sufficient assets are available in the estate after a debtor’s death, credit card debt will be paid off by the estate executor along with the decedent’s other debts....
by Kathryn A. Flanigan | Aug 28, 2012 | Uncategorized
Tip #1: Update your will immediately.This may not be top-of-mind, but updating your will is extremely important if you are going through a divorce. Having your assets go to your ex can be like adding insult to injury…and can tie up your estate for years to...
by Kathryn A. Flanigan | Aug 14, 2012 | Uncategorized
Financial and health care powers of attorney are two very important estate planning documents, but they may be deemed invalid if they do not comply with federal privacy laws.Powers of attorney allow you to appoint a person as your agent for financial and health care...
