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Blog Posts in 2020

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  • A Surviving Spouse's Right to a Portion of an Estate
    A Surviving Spouse's Right to a Portion of an Estate

    A will is a written document detailing how you want your assets distributed after death. It serves as a blueprint for distributing your assets the way you want. However, there are some things that ...

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  • Three Ways to Get Tax Breaks for Home Improvements
    Three Ways to Get Tax Breaks for Home Improvements

    Are you planning to make substantial renovations to your home? You may be adding a deck or patio, finishing a basement or attic or installing a pool. Despite some changes in the Tax Cuts and Jobs Act ...

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  • Leaving a Legacy for Your Heirs
    Leaving a Legacy for Your Heirs

    Despite its name, the term "dynasty trust" has nothing to do with aristocracy or the TV show that used to be popular. It involves preserving wealth for your heirs. Basic premise: With a dynasty trust, ...

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  • Hobby or Business? How to Treat COVID-19 Sideline Activities for Taxes
    Hobby or Business? How to Treat COVID-19 Sideline Activities for Taxes

    Today, many people sell homemade products online or work on some unincorporated sideline venture outside of their regular day jobs. Such activities can generate extra spending money. This can be ...

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  • Who Will Run Your Business After You?
    Who Will Run Your Business After You?

    If you're a business owner, do you have a plan in place that names who'll follow you as head of your company? You may feel you're too busy running the business today to waste time on long-term plans ...

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  • Red Flags for IRS Tax Auditors
    Red Flags for IRS Tax Auditors

    No one wants to see an Internal Revenue Service (IRS) audit letter in the mail — or in the worst case, an auditor show up at his or her door. The IRS can't audit every American's tax return, so it ...

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