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What is a Power of Attorney?

Question:  Someone told me I should have a power of attorney.  I don't know what that is.  Do I need one? Answer: You should have a power of attorney.  There are different types, but the basic concept of a power of attorney is you (the "principal) giving decision making authority [...]

Estate and Gift Taxes After the Fiscal Cliff

Many people are wondering what happened to the estate and gift tax laws as a result of the last minute law passed by Congress. For the most part, they continued the status quo. This is a huge boon for wealthy individuals. If Congress had not acted, the estate tax exclusion [...]

6 Year End Nonprofit Tasks

It's about to be the end of another year which means there's some yearly housekeeping every nonprofit organization must do. Here are six things every nonprofit should do before the end of the year: 1. Have Your Annual Meeting. The bylaws for most nonprofit corporations require the organization to have [...]

When Is The Best Time To Create A Trust?

Question: When should I create a trust? My assets include a couple of cars, my home, less than $100,000 in savings and a 401k. Do I need a trust? Answer: A Revocable Living Trust can be beneficial for anyone, regardless of what they do or the amount of assets they [...]

Estate Planning for Young Families

Many young families put off estate planning because they are young and healthy and don't need to do it yet, or because they don’t think they can afford it. But even a healthy, young adult can be taken suddenly by an accident or illness (Terri Schaivo being an example). And [...]

Estate Planning for Women

Estate Planning for Women is Critical While estate planning is important for everyone, women especially need to understand estate planning and have a plan of their own in place. Here are some issues that are of particular interest to women and their estate planning. Incapacity On average, women live longer [...]

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