New Higher Estate Tax Exclusions for 2014

An important part of estate planning is gifting.  The benefits include transferring assets to beneficiaries tax-free.  It also allows the guarantors to see their gifts being enjoyed by their family members and friends.  In 2014, the amount that people can transfer or gift while still avoiding taxes will be increased. With data from the Consumer […]

Know Your Estate Tax Burdens in Illinois

When you are planning your estate, it is important that you consider the impact the estate tax can have on what you leave your spouse and other beneficiaries, including religious institutions. You will need to consider both the federal and state estate taxes when estate planning in Illinois, though unlike other states there is no […]

How Contract Law Affects Small Businesses

The last thing a small business owner wants to think about is what type of legal forms to use when entering in contractual agreements. Contracts take time to draft, they are complicated and very dry. Some business owners would like to have them drafted professionally, but they are worried about the price. A solid contract, […]

Planning for Medicaid

As the baby boomer generation is getting older and as the financial market is still a little uneasy, many retirement-age individuals are wondering how they are going to make ends meet. Our government currently offers Medicaid to help those in need who are age 65 or older, disabled or blind and are considered low-income. This […]

Restitution for 17 Conned Out Of Their Estate Planning Funds

We all plan on a future of retirement and enjoying our lives. Some even go so far as to plan out their estate for the younger generations to be secure financially. Much planning and investing has to happen in order for that to occur. Finding the right person to assist you in that process is […]

High Percentage of Pastors Found To Have No Estate Planning Documents

A recent study conducted on behalf of Southern Baptist Convention shows that nearly 40 percent of pastors do not have a trust, will, living will, electronic will, legacy story, or durable power of attorney with health care directives. The survey also shows that the younger generation—aged 18 to 44—is the biggest group without any estate documentation. […]

No Will for Winehouse

According to a recent report by Forbes, after powerhouse singer Amy Winehouse actually did pass away without a will. She died at 27 of alcohol poisoning. Preliminary reports stated that she not only did in fact have a will but that she had also updated her will after her divorce from felon husband Blake Fielder-Civil. […]

Disinheriting A Relative

Most people want to leave most of their assets and property to their family when they pass away, but this is not always the case. Sometimes family members get into feuds that could last decades and even lead to a decision to disinherit someone. People make these decisions for different reasons, but they do not […]