|
|
Last month, I participated in the Annual Estate and Financial Planning Advisory Council meeting with several of my esteemed colleagues from the Georgia Society of CPAs (GSCPAs). The Council shares ideas with several of the key employees of the GSCPAs to keep them apprised of what is happening in our corner of the industry. There were about a dozen themes that surfaced as a result of our conversation and discourse. Here are some of the highlights. Read More
|
|
|
|
 |
As our loved ones make their way into the Golden Years, conversations about assistance with daily tasks begin to surface. It’s never easy, but as people age, many will need help due to physical limitations, mental concerns, or emotional stress. Read More
|
|
|
|
As older couples contemplate and move forward with divorce, some are starting a second marriage late in life. For those in a new long-term relationship and nearing retirement, this begs the question- is marriage a necessary step? For some, it is, but for others, simple cohabitation–and an executed cohabitation agreement–will suffice. Read More
|
|
|
|
“How do rich people keep getting richer?” This age-old question has not only perplexed many over the years but has led to innovations in both financial planning and tax minimization. One such innovation, which became popular as a result of Covid-19, is the “Buy, Borrow, Die” scheme. Coined by University of Southern California law professor Edward McCaffery, this strategy which helps you avoid capital-gains tax, involves purchasing securities such as stocks or bonds, using them to back a loan, and then sitting back and enjoying liquid cash until the loan is paid off, at which point you can take out another loan, or pass away. Read More
|
|
When running a business, some owners can be so busy with the day-to-day operations that they fail to consider the importance of proper estate planning. Estate planning is a critical factor when considering the long-term goals of any business, especially in the case of the untimely demise or incapacitation of the owner. Having proper estate planning also allows owners to choose who will take over the mantle next. Read More
|
|
When running a business, some owners can be so busy with the day-to-day operations that they fail to consider the importance of proper estate planning. Estate planning is a critical factor when considering the long-term goals of any business, especially in the case of the untimely demise or incapacitation of the owner. Having proper estate planning also allows owners to choose who will take over the mantle next. Read More
|
|
Is your adult child going off to college this fall? This can be an exciting but stress-filled time. In addition to worries of their academic success or failure, what if they get sick or hurt? Statistics show that these things DO happen on college campuses in increasing numbers each year. But there are a handful of legal documents that can provide safeguards to you and your child that may just offer a modicum of peace of mind, especially – and you may not want to hear this – now that you no longer have dominion over them in the eyes of the law. Read More
|
|
|
|
|
|
|
