$5,120,000.00!!! That’s how much someone can give away this year and not be on the hook for gift taxes. Why this exact amount? Because congress decided to put an “estate tax patch” good through the end of 2012 for the existing estate tax code. Additionally, any amount exceeding that limit will ‘only’ be taxed at […]
You Gave How Much?? Read More »
To “cover your assets” properly, you need to be proactive. And to be proactive means that you need to employ the resources, services, and appropriate vehicles to preserve the intentions you have for it/them. Recently, an estate planning attorney brought to my attention a Forbes magazine article that featured the “7-major errors in estate planning.”
CYA…that is, Your Assets! Read More »
What drives people to desire wealth? Is it to have nicer cars, bigger houses, bigger diamonds, exotic vacations, and fancier dinners? Can it be blamed on advertising—you know those ads that show a perfectly tanned and slim model floating on a raft by the precipice of an infinity pool overlooking the deep blue Caribbean Sea.
Do as the Wealthy Do Read More »
