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A frequently asked question when discussing estate plans is "who will inherit my assets if all my named beneficiaries die before me?” Ultimate taker provisions direct who would receive your assets in a doomsday scenario. We all hope that ultimate taker provisions will never be needed, but it is impo
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Receiving a tax notice from the IRS can cause your heart to skip a beat, but it shouldn’t. The IRS computer systems automatically generate many types of letters, and often are sent in error. So, if you get a letter from the IRS, there’s no need to panic. Instead, stay calm and carry on as follows.
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More business filing requirements are on their way, and even the smallest of businesses may need to comply. Penalties for failure to comply are expected to be $50 per day (capped at $10,000) and up to two years imprisonment.
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In today’s fast paced, connected world, everything has logins and passwords. The days of having a little scratch pad next to your computer with all your login information are gone. You need a password manager.
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A Donor Advised Fund (“DAF”), is simple, flexible and tax-efficient way to give to your favorite charities. As the fund Advisor, you (and your spouse) can make recommendations to the fund sponsor regarding what charities the funds are distributed to, when distributions are made, and what amounts ar
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When a loved one passes away, the tasks to be accomplished can seem overwhelming. This article provides a brief overview of some initial steps to consider when a loved one dies.
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