Many high net worth families commonly use Credit Shelter Trusts or B Trusts to commit a certain amount of assets, designated by a formula or otherwise, to be placed in a Trust so that the assets are not included in the taxable estate of the surviving spouse. While...
Believe it or not, there is a tax credit for small (really small) businesses that pay for employee health insurance premiums. It can be claimed for years 2010 forward and for 2014 and 2015. This credit was enacted as part of the Affordable Care Act tax provisions...
The 2010 U.S. Census reported the highest number in decennial census history for the 65 and older portion of the population. Coming in at a record high 40,267,984 or 13% of the U.S. population, the baby boomers are making their mark on history. In 2011, Alabama alone...
With an estate tax and gift tax “exemption” at $5,250,000 and availability of portability of the unused exemption into the second estate, the vast majority of estates will not be subject to estate tax or gift tax at all. However, failure to file an estate tax return...
The Notice Act, which just became law, stands for “Notice of Observations Treatment and Implication for Care Eligibility.” When you go to the hospital, and are wheeled to a hospital bed, do you think you are being “admitted?” Do you think someone would tell you if...
