The Tax Cuts and Jobs Act of 2017 was signed into law on December 22, 2017, and became effective January 1, 2018 (the “Act”). While most of the Act is made up of provisions that change individual and business income
The GOP has released its “Unified Framework for Fixing Our Broken Tax Code”. Unfortunately, the framework is heavy on generalities and light on specifics, so there is still a long way to go. Nonetheless, I wanted to take this opportunity
Every year I like to post a quick Estate and Gift Tax update for you to reference throughout the year. This way, if you’re anything like me, you won’t find yourself constantly “Googling” different estate and gift tax thresholds at
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One common estate planning misconception is when Powers of Attorney start and end. A Power of Attorney is a tool used to grant authority to someone to act on your behalf in case they need to. Powers of
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One common estate planning misconception is when powers of attorney are required.
Powers of attorney are required if you are determined to be incompetent. Incompetency can mean a mental illness or a physical ailment, such as being unconscious.
Last year it dawned on me that a lot of us out there, including myself, find ourselves constantly “Googleing” different estate and gift tax thresholds throughout the beginning of the year for a quick refresher on the updated thresholds. The
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One of the first rules of year end retirement planning is to make sure you maximize your contributions each year to your 401k, 403b, or IRAs. If you do have an IRA and are currently over the age
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There are many variables when planning for taxes, here are some tips! Remember every tax situation is different and you should contact us or your tax professional for more information.
Currently the news is packed with stories about Lamar Odom’s recent “long weekend” and resulting medical problems (just Google it, you’ll find plenty of stories). The pertinent facts, however, are this: 1) Lamar Odom is unable to make healthcare decisions for himself;
Below is a one page summary regarding Medicaid Planning in Wisconsin that we provide our clients with when discussing Medicaid Planning (the laws regarding Medicaid Planning may be different in your State). It should be noted that, much like tax
