March 2009 Posts

  • 10 Ways to Wreck Your Retirement

    Here’s a great, to the point article on what NOT to do to ensure you have sufficient retirement savings – from the National Center for Policy Analysis....
  • Baucus Bill Keeps $3.5 Million Estate Tax Exemption

    From the GiftLaw eNewsletter: Senate Finance Committee Chair Max Baucus (D-MT) introduced the Taxpayer Certainty and Relief Act of 2009 on March 26, 2009. The tax bill includes a $2.3 trillion middle class tax cut package and also creates a freeze on estate tax rates and major estate planning modifications....
  • What do I do with my Health Care Power of Attorney and Living Will?

    So, you’ve been a responsible adult and have recently completed your estate plan. As part of your plan, you have a Health Care Power of Attorney, Living Will, and HIPAA Authorization. Now what?...
  • Changes to NC’s 529 College Savings Plan

    Here are some recent favorable changes to North Carolina’s National Collge Savings Program (529 Plan): For 2009, a participant may reallocate the account assets twice during the year, rather than just once. ...
  • Tax Credit Options for First-Time Homebuyers

    First-Time Homebuyers Have Several Options to Maximize New Tax Credit WASHINGTON — As part of the Treasury Department’s consumer outreach effort and with the April 15 individual tax filing deadline approaching,...
  • Alphabet Soup – the ABCs of Estate Planning

    It all boils down to the fear of mortality. Many people don’t want to deal with death so they postpone estate planning. As a result, an estimated 70 percent of Americans don’t even have a will....
  • New Stimulus Tax Breaks

    The following is from my e-newsletter that went out this morning: The American Recovery and Reinvestment Act of 2009, which was signed into law on February 17th, includes a multitude of federal income tax changes. This article summarizes some of the personal tax changes: One-Year AMT Patch Has Two Parts...
  • Don’t Delay Reviewing Estate Plans

    Yes, these are times of financial uncertainty and difficulty for many of us, and federal estate law is likely to change sometime later this year, but not reviewing and possibly revising one’s estate plan now can be a big mistake. ...
  • SECU Strikes Back on Living Trusts and Real Estate

    I recently blogged about my disagreement with the North Carolina State Employees Credit Union’s policy on mortgages when the property was previously held in the owner’s living trust. ...