SMART WAY TO MAKE CHARITABLE CONTRIBUTIONS (AGE 70-1/2 OR OLDER)
by Thomas D. Begley, Jr., Esquire, CLEA There are two ways to make charitable contributions. One would be to simply write a check to the charity and claim a charitable deduction on your income tax return. The other would be to make a Qualified Charitable Distribution (QCD). This article will discuss the pros and…
10 EFFECTIVE POST-MORTEM TAX PLANNING TECHNIQUES
by Adam Cohen, Esquire After an individual dies, the estate and trust administration process can and should include more than just the basic steps of marshaling assets, paying debts, and distributing the remaining funds. Along with making necessary tax filings, there are often cost-effective and highly advantageous strategies that can be employed to reduce the…
HOW TO PROVIDE FOR YOUR GRANDCHILDREN
Providing for your grandchildren in your estate plan is a great way to commemorate the bond between you and your grandchildren and to allow your grandchildren to appreciate you long after you are gone. There are many goals that you, as a grandparent, often have to set your grandchildren up for future success: Pocket…
ADMISSION AGREEMENTS FOR LONG-TERM CARE FACILITIES BE CAREFUL WHEN SIGNING
by Marianne Johnston, Esquire The placement of a loved one in a care facility is often an emotional time. There is so much to think about – Is this the right place? Is the staff kind? Will Mom receive quality medical care? Will Dad like the food? Amid this often hectic environment, the family…