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 avoid inheritance tax on property with the new estate tax laws taking effect.
Currently, the estate tax in the U.S. is in a unique position. The code was written so that every year until 2009 the tax would lessen, until 2010, where it would disappear completely. However, next year, 2011, the estate tax will come back with a vengeance to a much higher level.
Some tips on how to plan your estate.
Elder Attorney, Adam J. Tobin's offices are located at 809 Turnpike Street, North Andover, MA 01845. Elder law council and other services are offered for the Essex County, Middlesex County, Worcester County and Suffolk County in Massachusetts communities.
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