» taxes

Be Wary of Living Trust Scams

March 15th, 2016
Many seniors in the U.S. fall victim to living trust scammers who scare and intimidate their victims into purchasing worthless, unnecessary trusts. Seniors need to know what to look out for to avoid being victims. Going through probate can be burdens… Read More
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Categories: Aging Issues, Current Affairs, Elder Abuse, Estate Planning, Probate, Succession, Trust Funding, Weblogs, Will
Tags: Elder Abuse, Elder Law, Estate Tax, Living Trusts, probate, scams, taxes, trust, trust funding

President Obama's Proposed Tax Changes for Estates

March 14th, 2016
The last proposed budget of Barack Obama's presidency contains several changes to the tax codes important to estate planning. President Obama has submitted his last budget proposal to Congress. It contains many of the same changes to the tax cod… Read More
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Categories: Current Affairs, Estate Planning, Taxes, Weblogs
Tags: estate planning, Estate Tax, Obama, proposal, tax change, taxes

Procrastinating on Filing Your 2012 Tax Return? Don’t Sweat It

March 1st, 2013
The IRS still needs time to prepare dozens of other forms and software programs for new and retroactive tax exemptions, credits, and other provisions tucked into the fiscal cliff bill, passed by Congress and signed by President Obama in early January… Read More
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Categories: Current Affairs, Estate Planning
Tags: IRS, Procrastination, Tax Return, taxes

Tax Breaks Available for Supporting Elderly Parents in Ann Arbor

February 13th, 2013
You might be able to claim your parent as a dependent, take a dependency care tax credit, write off your mom or dad’s medical expenses or get some combination of these tax breaks. It’s that time again – Uncle Sam is knocking on your door and re… Read More
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Categories: Elder Law, Estate Planning
Tags: Elder Care, Elder Law, taxes

Deduction Limitations Impact Wealthy Donors in Ann Arbor

January 30th, 2013
While most people are fixated on tax rate increases adding to their income tax bill in 2013 and beyond, very few people are aware that the Pease limitation reinstatement can add to their income tax bills by phasing out some key itemized deductions. A… Read More
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Categories: Charitable Giving, Estate Planning
Tags: Charitable Giving, High-Income, taxes

The Highlights of 2012 in Ann Arbor

January 2nd, 2013
Regrettably, you did not win the $587.5 million Powerball lottery. And, although you survived the Mayan apocalypse, this is no time to relax. We have segued right over the “fiscal cliff” and into the new economic reality zone.     … Read More
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Categories: Aging Issues, Current Affairs, Elder Law, Estate Planning
Tags: 2012 Review, Estates, taxes

The Highlights of 2012 in Ann Arbor

January 2nd, 2013
Regrettably, you did not win the $587.5 million Powerball lottery. And, although you survived the Mayan apocalypse, this is no time to relax. We have segued right over the “fiscal cliff” and into the new economic reality zone.     This… Read More
Read More
Categories: Current Affairs, Elder Law, Estate Planning
Tags: 2012 Review, Estates, taxes