Estate Planning
When intentions lose their way…a family feud (Part Two)
The Detroit Free Press article sites Karen Davidson, the late wife of Bill Davidson – NBA Detroit Pistons owner – as saying in an affidavit that her husband intended the…
Read MoreFiscal Cliff Estate Tax Marriage Benefits
There is a provision in the estate tax law called “portability”. This means that any unused estate tax applicable exclusion amount of a deceased spouse may be applied to the…
Read MoreEstate Tax Disputes…Money & Family (Part One)
Bill Davidson leaves behind his family, the professional teams he built including the NBA Detroit Pistons, and NHL Tampa Lightning and a $1.9Billion tax bill! Read the story from the…
Read MoreFiscal Cliff Estate Tax Fast Facts
Hype and confusion seems to surround most of the talk about estate taxes. The legal profession seems to keep in complicated and mysterious. While there is always some measure of…
Read MoreHow might money affect my kids?
An inheritor is a person who receives any amount of money – from $100 to $100 million – because of their relationship to the giver, not their own work to…
Read MoreIs your kid ready to handle $5.25 million?
$5.25 million: that’s the amount that parents are now allowed to leave to their children, family, favorite charities, and others without being hit with the federal estate tax, thanks to…
Read MoreWhy Golf Great Phil Mickelson is making changes and you should too.
No Dr. Phil, but “Lefty” is fed up with the Fed and so much so he’s ready to make drastic changes. Even the financial magazines are picking up on the…
Read MoreNot Fiscal Cliff Restraints…Personal Freedom (part 2)
Does understanding tax law ever make you feel handcuffed and unclear about the best decision to make about your wealth? If so, you’re not alone. It is said that Joe…
Read MoreFiscal Cliff Deal Comes with Estate Tax Changes
The fiscal cliff deal, passed at the 11th hour, comes with a great deal of changes, though we’re still waiting for spending cuts and debt ceiling talks. Fortunately for many,…
Read MoreAvoid Gifting Mistakes in Financial Planning
I’ve talked before about how estate tax rules will be changing in the coming year. Currently, a taxpayer can gift $5.2 million to others tax-free. For couples, that number is…
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