The probate process can be overwhelming for individuals who are grieving due to the passing of a loved one and confronted with the prospect of an unknown protracted court administration.
Probate, or the court supervised administration of a decedent’s estate, whether they died with a will or without (testate vs. intestate) is a very formalistic and statutory governed practice. > > > Read the full article
In my prior blog several months ago, I explained in general terms the rules concerning lifetime gifting and potential gift taxes associated with such gifts. I now move on to the estate tax.
The estate tax and gift tax are linked at the hip, so to understand the estate tax, it’s necessary to lay some groundwork by explaining the relationship between the estate and gift taxes. > > > Read the full article
The Republicans voted to fully fund the government, but added a requirement that everyone, including the Congress, Senators and their staff people, live under Obamacare. No more special waivers for the Senators, Congress and their staffs, and no waivers for big business without the same waivers for individuals. That is all the Republicans are asking for. > > > Read the full article