The recent security breach at the Equifax credit reporting agency exposed extensive personal information on 143 million Americans. Computer hackers gained access to consumers’ names, addresses, social security numbers and dates of birth from Equifax files, creating serious potential problems for consumers.
LegalEasy Episode #10: What Happens to Your Debt When You Pass Away
If you have children getting ready for college, the transition can be stressful.
Linda S. Grear sits down with Diane Tiveron and discusses the importance of choosing a healthcare agent.
National Healthcare Decisions Day is Saturday, April 16, 2016. The theme for 2016 is “It Always Seems Too Early, Until It’s Too Late.”
Over 100 million American adults have not designated an agent to make medical decisions nor documented the type of medical care they desire. Although it is a difficult issue to address, it is important for all adults to consider who is best-suited to make medical decisions for them the event they become too ill to convey their wishes personally.
Effective estate planning may reduce estate taxes, which will benefit you and your family financially. In the face of ever-changing tax laws, there is growing concern about how to best protect assets and secure them for future generations.
Anticipating your potential estate tax liability is a great place to start planning. Estate taxes are due within nine months after the date of death. Therefore, advance planning is key to addressing tax liability.
On December 19, 2014, the Achieving a Better Life Experience (ABLE) Act of 2013 was passed. The ABLE Act amends Section 529 of the Internal Revenue Service Code to create tax-free savings accounts for individuals with disabilities in order to cover qualified disability expenses such as education, housing and transportation. New York State also recognizes ABLE Act 529A Accounts.
If you owe more taxes than you can afford to pay when you file your tax returns, don’t fail to take action. Make sure to file the tax returns on time. That way, you can avoid a penalty for filing late. Here are some tips if you are unable to pay all your taxes by the due date:
People often have questions regarding the STAR real property tax exemption. The STAR exemption entitles anyone who owns a primary residence to a reduction in the amount they pay for School Tax (STAR = School Tax Relief).
As 2014 comes to an end, it is a good time to assess your estate plan. For many, estate planning is something they realize they should do, but they keep postponing. With the dawn of a new year, it is time to consider management and protection of assets during lifetime and controlling distribution following death so you may leave a legacy for your loved ones.