Gifts Of Equity Can Produce Unexpected Tax Pitfalls
A sale for less than fair market value involves a partial gift. If the amount of the gift exceeds certain thresholds, the gift would have to be reported by the donor on a gift tax return and it could trigger a gift tax.
The Dangers of Obsessive Worrying About Your Child’s Future
A baby is born, and suddenly, parents are responsible for keeping this precious human alive. Anxiety is a common aspect of caregiving during infancy because it is adaptive. Worrying keeps parents vigilant for potential danger and focused on the baby’s needs. Appropriate parental attentiveness also promotes a secure parent-child relationship in the early years.
Seniors are subject to domestic abuse, too
With increasing life expectancy, senior adults are a growing segment of our population, and they are living active, independent lives that are longer than in previous generations. Dating, marriage, and intimate relationships in later life are now commonplace, yet we often fail to consider or recognize the signs of dating or domestic abuse among our senior population.
Seven reasons not to rely on powers of attorney alone
When working with clients, I often include a power of attorney (POA) with a will package. However, a POA is not a substitute for a well-executed estate plan. So many institutions refuse to accept a POA that it does not offer guaranteed protection. In a POA, you may...
College Bound – Resources for Students
Going to college presents a huge shift in daily life and responsibilities for students. Navigating this change can be challenging, but there are plenty of resources to help on-campus. This is the first time many students have complete control over what to eat, their schedules, and how to spend their time–feeling overwhelmed is normal. How can students prepare and parents help out?
