Blog: Estate Planning
Steinbrenner Fourth Billionaire in 2010 to Escape Taxes, If Not Death
New York Yankees owner George Steinbrenner is the fourth known U.S. billionaire to die during 2010, according to Forbes magazine. Why is this significant? Because there is no estate tax in 2010, meaning that the U.S. Treasury has lost billions in tax revenues unless Congress acts between now and the end of the year to reinstate the tax retroactively.
10 Reasons to Create an Estate Plan Now
Courtesy of Elder Law Answers Many people think that estate plans are for someone else, not them. They may rationalize that they are too young or don't have enough money to reap the tax benefits of a plan. But as the following list makes clear, estate planning is for...
Advance Directives: Why are they important?
Last year, AARP surveyed members 50 years of age and older regarding end of life issues and noted that over half of the respondents did not have a living will or a health care power of attorney.