Death is the one certainty. But, planning for it is uncomfortable and can be complicated, especially when blended families, multiple marriages and changing estate and probate laws are a factor. The complications could be the reason behind why so few Americans have wills. Only 35 percent have wills and 29 percent have set up power [...] [...]
At first glance, not having an estate tax may seem innocuous — but it’s not. Although the House of Representatives passed legislation Dec. 2 to extend the $3.5 million lifetime exemption, no action was taken by the Senate before it adjourned at the end of 2009. The Economic Growth and Tax Relief Reconciliation Act of [...] [...]
By Michael E. McDevitt Does anyone reading this not know that our economy is suffering? I didn’t think so. More importantly, is anyone not aware that their personal investments are also suffering? Probably not. No area of our economy has been excluded from the recent suffering – real estate, the stock market, privately held businesses, [...] [...]