Post Divorce Common Mistake

Post Divorce Common Mistake

After a divorce, it is important to update your beneficiary designations and power of attorney for healthcare/finance.  Although many are quick to update, it is imperative that you do not name your minor children as direct beneficiaries.   The reason is two-fold. ...
Revocable Trusts

Revocable Trusts

Revocable trusts are a great way to avoid probate for assets titled to the trust, consolodate assets, and provide management of assets in periods of incapacity. Learn more at the link below.  ...
Are exclusions and portability the bypass killer?

Are exclusions and portability the bypass killer?

With the high estate tax applicable exclusion amounts, which may become infinitely higher in the coming months (a married couple can currently pass about $11 million tax free), and the American Taxpayer Relief Act allowing “portability” (the estate of the deceased...
Trump’s Tax Reform Proposals

Trump’s Tax Reform Proposals

It will be interesting to see if Trump’s tax reform proposals will be enacted. According to The Committee for a Responsible Federal Budget, Trump proposes to “reduce the corporate tax rate from 35 percent to 15 percent, eliminate most business tax breaks,...