As of January 2, 2013, the Federal estate and gift tax exemption amount has been permanently increased. If you pass away in 2013 and your lifetime and after-death transfers are under $5.125 million, your estate passes to your loved ones, …
Planning Retirement With Social Security
Last week we talked about saving for retirement. Most people are aware that you need to save for retirement. However, it is a topic that is easy to brush aside to a later date. Although the subject is important, often …
Younger Adults How to Retire a Millionaire
Are you under 35? If you are like most young adults, planning for your retirement is one of furthest things from your mind. But it shouldn’t be, because you have a very valuable asset. That asset is something that those …
How Do You Get Into the Safety Deposit Box
You have a safety deposit box. Have you ever thought about what would happen if you were not around to access your box and your loved ones needed to get into it? Like many other assets, it depends upon the …
Elements of a Deed
The last few weeks, we have discussed the different types of deeds, the different types of ownership interests of a deed and the rights of deed co-owners. Today we will discuss the different parts of a deed. Most deeds start …
March Savvy AMT Relief in the 2012 American Taxpayer Relief Act
The recently enacted 2012 American Taxpayer Relief Act signed by President Obama January 2, 2013 is a sweeping tax package. It includes, among many other things, “permanent” relief from the alternative minimum tax (“AMT”) for individual taxpayers. Earlier temporary measures …