Newsletter Articles

Why Congress should let everyone deduct charitable gifts from their taxes

By: PATRICK ROONEY - August 16, 2017


The 30 percent of American taxpayers who itemize their returns are free to deduct every dollar they donate to an IRS-approved charity from up to half of their taxable income. While neither the White House nor lawmakers are trying to scrap the charitable deduction, which is nearly as old as the income tax and marks its 100th anniversary this year, some of the changes to the tax code that are in the works could discourage charitable giving as an unintended consequence.


Take These Three Steps When Your Child Turns 18

By: ElderLawAnswers - August 15, 2017

Once your child reaches the age of 18, the state considers your child to be an adult with the legal right to govern his or her own life. This article reinforces much of what has been shared over the years by our firm in our Plan It Now series 


5 Issues to Consider When Creating a Special Needs Trust

By: SpecialNeedsAnswers - August 15, 2017

 Here are some of the questions you will need to consider in guiding your attorney to create a special needs trust.


Recent Update to Tax Planning Through Portability

By: Joshua B. Glaser, Esq., LL.M. - August 15, 2017

Portability is the process by which the IRS now allows married couples to combine their applicable exclusion amounts. Essentially, a surviving spouse has access to his or her own applicable exclusion amount, plus any unused exclusion remaining from the first spouse’s death.


Family Succession Planning: How to Do It Right

By: - August 14, 2017

While succession is challenging for all businesses, it often becomes even more complicated when family relationships must also be considered. This overlap between business and family creates many obstacles to the management, growth and sustainability of these companies. Blurred boundaries between ownership and management often lead to conflicts and jeopardize the companies’ future.