Estate And Tax Planning Law Firm
It's never too early or late to start estate planning; however, no matter when you begin planning, you need to make sure that all of your assets are protected. Estate planning is one of the most valuable steps any adult can take when it comes to protecting both their...
Contrary to popular misconception, small businesses are frequently targeted by the Internal Revenue Service for tax audits. As anyone who has ever been through a tax audit knows, the experience can be a major ordeal - even for those who have done nothing wrong....
The new tax law may result in a need to update your estate plan. President Donald Trump followed through on his promise to push forward a new tax plan. The new tax has led to numerous changes. These changes likely impact everything from your paycheck to your estate...
Important estate plan elements, people can express their wishes about medical treatments and who makes decisions for them through advance directives. In some cases, people in California who suffer from illnesses that will someday incapacitate them have time to plan...
Legal guardianships or powers of attorney protect people from financial abuse and other hardships when they are unable to make decisions on their own. It can be easy to assume estate planning is all about leaving an inheritance to one's heirs, but it is much more...
This article looks at three of the biggest risks of do-it-yourself wills, including the risk for legal disputes. As USA Today reports, 64 percent of Americans don't have a will or estate planning documents and many see no urgent need to have an estate plan in place....
While it is true that most people do not like to contemplate their own passing, it is something they must do if they want to ensure their estate is in order and will be properly administered - particularly if significant assets are involved. For most, there are...
This article looks at four of the most important qualities to look for when choosing an estate executor. Choosing an executor is not a decision to take lightly. The executor is the person who will be responsible for ensuring that when a person passes away, his or her...
The enactment of FATCA has led to additional reporting requirements for foreign financial accounts. The Internal Revenue Service (IRS) is cracking down on those who do not properly report foreign accounts. The agency is providing incentives for those who voluntarily...
United States taxpayers around the world have been paying close attention to some of the changes being made to existing tax laws. In 2010, the Foreign Account Tax Compliance Act (FATCA) went into effect, which was designed to capture tax revenue from the overseas...
