The federal estate tax is defined by the Irs as a tax on the right to transfer property at death. The tax is troubled the taxable estate, which is the total reasonable market price of the property moved at death (called the gross estate) minus allowed reductions. Reductions allowed under the Internal Revenue Code include…Continue reading History and Summary of the Federal Estate Tax
It works to acknowledge the truth that estate planning is simply one aspect of senior law, and as older law attorneys it is our job to remain apprised of all of the problems of the day that impact our senior citizens. One matter that has actually been getting a lot of attention just recently is…Continue reading Financial Abuse of the Elderly
A fiduciary is someone who keeps an eye on possessions for you, with your benefits in mind. This might be a financial institution, a property management business or a trustee. Fiduciaries are not just a fundamental part of life; they are also vital throughout your special needs and after your death. Throughout the estate planning…Continue reading Selecting Estate Fiduciaries
Have you heard of incapacity planning, guardianships, or conservatorship? Have you heard of a living self-controls of attorney, and trust planning. What happens if you do not have an inability plan in place? If you do not have your own plan, the court has one for you. It’s either called “guardianship” or “conservatorship,” depending upon…Continue reading Do You Have a Strong Incapacity Plan in Location?