Month: October 2008
FDIC Releases New Simplified Rules for Coverage for Living Trusts
This is the Press Release issued by the FDIC (emphasis added): The FDIC’s Board of Directors today adopted changes to simplify the…
ILIT Trustees – Examine Your Policies
Life insurance trusts (ILITs) are a popular estate planning technique used to shelter life insurance proceeds from estate taxes, creditors and mismanagement…
Free Webcast on Aging October 30, 2008
The National Academy of Elder Law Attorneys (NAELA) will be offering its first ever public Webcast on October 30, 2008. Aging in…
Using a Professional Care Manager
Services from care managers should be something that every family takes advantage of, but in reality very few families use them. Care…
Gift Tax Annual Exclusion to Increase in 2009
The IRS has announced many annual inflation adjustments for 2009, including an increase in the annual gift exclusion. The annual gift tax…
Should You Roll Your 401(k) Over into an IRA?
Once you cease working for an employer, you have the option of rolling over to an Individual Retirement Account (IRA) any retirement…
Something Smells Phishy – Fake IRS Refund Emails
I just received an email with the following text (albiet in my spam filter). After the last annual calculations of your fiscal…
FDIC Bank Account Insurance Coverage Calculator
The recent Bailout law increased the FDIC insurance coverage for bank accounts to $250,000 per person, per bank. However, different types of…
Warren Buffet – Now’s the Time to Buy American Stocks
Words of wisdom from a sage investor on the NY Times Website. It is also important not to use the poor economy as…
IRS Announces Pension Plan Limits for 2009
IR-2008-118, Oct. 16, 2008 WASHINGTON — The Internal Revenue Service today announced cost‑of‑living adjustments applicable to dollar limitations for pension plans and…
