Gifts to Your Family the IRS Won’t Tax

Gifts to Your Family the IRS Won’t Tax

Don’t allow ongoing political and financial uncertainties to hold you back from providing tax-free gifts that can benefit your family. Despite the speculation surrounding these matters, you still have the opportunity to make tax-free annual exclusion, medical-payment, and educational gifts.   By taking advantage of these gift options, you can support and contribute to the …

What is the Difference Between a Partnership and Corporation? Part 1

What is the Difference Between a Partnership and Corporation? Part 1

Met with a client recently to discuss the differences between a partnership, corporation and Limited Liability Corporation were.  I thought that might make a good topic for this column and so I will start this week with describing a partnership.   A partnership is an association of two or more persons to carry on as …

Art and Sentimental Items in Estate Planning

Art and Sentimental Items in Estate Planning

The New York Times has an interesting article on the value of an art collection in estate planning.   That’s not something most people think about. After all, most people aren’t serious art collectors.  Even among those who are, these collections usually exist more for personal satisfaction than financial gain.   “Art investors are nearly …