The Basics

Household Employees

You have the luxury of a cleaning person.  A neighborhood kid cuts your lawn or shovels your snow.  You have a great babysitter when you need one.  You have someone who runs errands for you.  It is so nice to have people you rely upon and who can help you out.  But, wait!  Are these […]

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Preparing for Disasters

We are in the midst of hurricane season and while most of us do not have to worry like some, the Internal Revenue Service reminds everyone to develop an emergency preparedness plan. Taxpayers, whether individuals, organizations or businesses, should take time now to create or update their emergency plans. So, even though we may not […]

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On-Line Deposit Accounts

Everyone wants to make the best return on their hard-earned money and many people shop around to find the best interest rate.  In our world today, we may find better rates at on-line banking sites than we can find in our brick and mortar banks.  BUYER BEWARE! In working on an estate recently, the decedent […]

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Record Retention and Disposal

You made it through tax season and you start thinking about the accumulation of records that you have for tax purposes – what to keep, what to dispose of, what to do.  Here are a few tips to help you do some spring cleaning: The IRS generally recommends that copies of tax returns and supporting […]

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Checking In On Your Resolutions – #2

Last week we started our check on our resolutions and we will wrap up our suggestions this week. ARE YOUR HARD-EARNED ASSETS WORKING FOR YOU?  If you have a savings account or certificates of deposit, are you getting the best interest possible on these assets?  If you have a brokerage account, are your assets working […]

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Have You Taken Your RMD For 2018?

For those of you that are 70-1/2 years of age and are fortunate to have a retirement type account, such as a traditional IRA, have you taken your RMD (required minimum distribution) for 2018?  If not, it is not too early to be thinking of doing so. Often times the distributions are put off until […]

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Surfin’ With The IRS

OK, the holiday shopping is done, so what is there to surf on the internet?  Have you ever checked out the IRS website?  I can hear you saying “How exciting!”  But, before you pass judgment on my suggestion, why not take a look at www.irs.gov ?  It just MIGHT have some information which may be […]

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Let’s Go Crazy – Estate Planning a la Prince

In 1984, Prince released what was arguably his penultimate album – the soundtrack to his semiautobiographical film, Purple Rain.  This classic filled compilation was ignited by its initial track, “Let’s Go Crazy”.  A phenomenal song with a phenomenal title.  Yet it appears it is regrettably the theme for his estate plan – or apparently lack […]

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Three Essential Documents for Parents of Children with Special Needs

For many families, a proper estate plan consists of the preparation of a Will, Advance Directive (Living Will and Health Care Power of Attorney) and a General Durable Power of Attorney.  Various trusts can be employed as well to achieve goals such as the avoidance of probate and minimization of death taxes.  Parents who have […]

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Getting Government Payments for Children with Disabilities

Parents who have children with disabilities face a myriad of legal, medical and financial issues.   There are a host of government programs which can provide assistance in a variety of forms including housing and medical coverage.   Two programs, Social Security Disability Income (SSDI) and Supplemental Security Income (SSI), provide cash. In order to obtain the […]

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