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Inherited IRAs No Longer Exempt in a Bankruptcy
“Suppose you were an idiot, and suppose you were a member of Congress; but I repeat myself.” ~ Mark Twain. I have no idea what Mark Twain would have said about our U.S. Supreme Court’s recent unanimous decision in Clark v. Rameker, (Sup Ct. (6/12/2014)...
MAKING LESS OF YOUR SOCIAL SECURITY BENEFITS
Effective April 29, 2016, the law has changed regarding Social Security Benefits. Suspend and Restart will be Gone.Married couples can no longer use the “file and suspend” option. Under Suspend and Restart, you could increase benefits once you started...
New Veterans Administration (VA) Rules
The VA has finally released its new regulations, which can be very important to anyone who files for VA benefits AFTER October 18, 2018, or who wants to file before then! The Good News: Allowable medical expenses have increased to include the monthly cost...
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New Act Changes Corporate Filing Deadlines and Extension Deadlines for Returns
On July 31, 2015, President Obama signed into law P.L. 114-41, the “Surface Transportation and Veterans Health Care Choice Improvement Act of 2015.” Although this new law was primarily designed as a 3-month stopgap extension of the Highway Trust Fund and...
Is a Living Trust Right For You?
“What is a Living Trust and Who Does it Involve?” A trust is very flexible and many provisions can be drawn to achieve your specific goals. A trust has three parties: one who creates it (a “Grantor”); one who administers is (the “Trustee”); and one who...
Alabama Elder Law: When Should You Seek Counsel?
If you are a senior or have a parent who is, you may find you have a lot on your plate. Along with finances that often dwindle as the years of employment come to an end and medical issues that can arise with age, there are a number of legal concerns, present, and...
Lawyers Doing LLC Filings in Alabama
Looking for Lawyers who do LLC Filings in Alabama? Starting a Small Business in Alabama has Never Been Easier. Are you planning on starting a small business in Alabama? Recent research shows it’s an excellent time to do so. Emerging markets are rebounding from a...
Anniversary of U S Income Tax – 100 Years
In October, 1913 a minor provision was attached to a revenue bill to establish the first income tax following the ratification in February, 1913 of the Sixteenth Amendment of the Constitution. There were prior forms of income tax, but they were short lived...