A hobby is an activity that someone pursues because they enjoy it without any intention of making a profit. A business, on the other hand, is operated to make a profit. How
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Ask a group of friends if they have experienced a family fight over property after a loved one has died, and you will be in for a lively and eye-opening conversation. Far too
It's not always immediately clear who should be the person you place your literal trust in to manage your financial affairs, so here are some critical things to consider first. When a trust
We rely on our friends, family, and colleagues to help us through life’s challenges. The people we trust can also be incredibly important when arranging an estate plan. It is critical to appoint
A loved one dying can be extremely disorienting and sad regardless of the situation. However, if your loved one dies abroad, traveling in a foreign country, you can expect that both the emotional
In the golden age of the smartphone, you’re never far from a camera. This has made the sharing of videos and photos easier than ever before. Easy access to a quality camera has
How your accounts are owned has a big impact on your estate plan. The main objective is usually to ensure that no accounts and property are in only your name when you die.
When a couple engages in foundational estate planning, one of the first questions addressed by estate planning attorneys is whether it makes sense for the couple to use a revocable living trust (RLT)
“Tax basis” is a term used frequently in tax law. But for many, the term is unfamiliar and intimidating—perhaps something they feel is better left to a certified public accountant to worry about.
What changes will we see to the tax code in the near future? At this point it is all speculation but don’t let that prevent you from making tax-free annual exclusion, medical-payment, and
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