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Category Archives: Gift Taxes

Wealth Gifts to Children: How a “Crummey Trust” May be Right for You

While still alive, many parents and grandparents wish to pass their wealth on to their children or grandchildren: these gifts are also a good way to decrease a taxable estate. In 2010, you can give a child or grandchild $13,000 a year without the subsequent incurring taxes, but you may not want the child directly [...]

Possible Social Security Benefit Changes

Social Security seems to be moving toward its day of reckoning. According to a recent article by Philip Moeller, efforts to put Social Security on a sound long-term footing included higher tax rates for payments into the system, raising retirement ages, and treating some Social Security payments as taxable income.

How to find an estate planning attorney

Finding an estate planning lawyer is an important step to make sure your family is guided in the right direction and is prepared after your death.