The Achieving a Better Life Experience (ABLE) Act has passed both the House and the Senate with bi-partisan support and is on its way to the President to become law. The Act will allow families [...]
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Yesterday afternoon the Senate approved by a vote of 76 to 16, the Tax Increase Prevention Act (TIPA) (H.R. 5771) which retroactively reinstates over fifty expired tax provisions. Although not [...]
In July of 2014, the Internal Revenue Service issued Form 1023-EZ to allow charitable organizations seeking recognition of tax-exempt status under Section 501(c)(3) an easier, online, three page [...]
Thanks to TV legal shows, most people know that any communications (phone conversations, e-mails, letters, etc.) you have with your lawyer are privileged from being disclosed to adverse parties [...]
Lifetime trusts offer families both tax and non-tax benefits. Careful drafting of lifetime trusts allows greater-than-expected flexibility to address unexpected future circumstances. Tax [...]
If you’ve been sued or it looks like a dispute might be heading to court, you are now on notice to stop deleting, destroying or purging any documents and materials that might be relevant to the [...]
The FDA Food Safety Modernization Act (FSMA), became law on January 4, 2011. On September 29, 2014, the FDA published for comment several proposed rules implementing the FSMA. Any interested [...]
A Qualified Personal Residence Trust (“QPRT”) is a trust into which you transfer a personal residence. The QPRT document gives you (and often your spouse) the right to live in the [...]
Generally, IRAs are protected from claims of the contributor’s creditors under federal bankruptcy law, (with the exception of divorce). However, a recent ruling by the Supreme Court peels back [...]
This is the first in a series on post-mortem planning techniques to manage taxes and optimize estate planning following death. It’s difficult, to say the least, to alter your estate plan after [...]
