November 2006 Posts

  • Living Wills Should Include Specific Instructions

    Yesterday a client brought in a copy of this New Times Article by Jane Brody: Medical Due Diligence: A Living Will Should Spell Out the Specifics. As an elderly man, he was concerned that his wishes might not be respected under his North Carolina statutory living will. He was right to be concerned. ...
  • Does the IRS Owe You Money?

    ​The IRS is holding $92 million for about 95,000 taxpayers whose refund checks have been returned as undeliverable by the Postal Service...
  • U.S. Trust to be bought by Bank of America

    ​Charles Schwab Corporation is selling U.S. Trust Company, which was bought in 2000, to Bank of America for $3.3 billion in cash. ...
  • State Income and Sales Tax Comparison

    For a state-by-state comparison of income and sales taxes, check out this article on Bankrate.com ...
  • Owning Real Estate in an IRA

    Owning real estate in a self-directed IRA can seem like a great way to save for retirement. However, I have found that most clients want to structure the ownership and/or management of the real estate in such a way that they will run afoul of the prohibited transactions rules. ...
  • Prenuptial Agreements – Not Just for Donald Trump

    For most engaged couples, the break-up of a marriage is farthest thing from their minds during the months prior to the wedding....
  • IRS Announces Income Tax Inflation Adjustments

    Each personal and dependency exemption will be $3,400, up $100 from 2006. The new standard deduction will be $10,700 for married couples filing a joint return (up $400), $5,350 for singles and married individuals filing separately (up $200) and $7,850 for heads of household (up $300). ...
  • House Passes Estate Tax Relief Act

    From EstatePlanningLawFirms.com on November 6, 2006: Washington D.C. – Congressman Ted Poe (TX-02) announced that the House of Representatives passed H.R. 5638, the Permanent Estate Tax Relief Act of 2006. ...
  • What if Your Pet Outlives You?

    A recent article by my associate, Rebecca Streamo, J.D: Many of us have spent considerable time planning for the care of our spouse and or children at our deaths or in the event we become ill or incapacitated. ...
  • How to Choose an Estate Planning Attorney

    Developing a comprehensive estate plan requires a lot of thought and time, and sometimes a lot of money. It is not always a simple or easy task, so having the right advisor can make all the difference in the world. ...
  • 2007 IRS Standard Mileage Rates Announced

    From the IRS Newswire: IR-2006-168, Nov. 1, 2006 WASHINGTON – The Internal Revenue Service today issued the 2007 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. ...