Insight Tag: Estate Planning

The day Mary passed away was a somber day for her entire family – especially Emma, Mary’s daughter. But unlike the rest of the family, Emma had little time to mourn.

On January 2, 2013, Congress and the President signed The American Taxpayer Relief Act which made permanent the $5 million estate and gift tax exemption and indexed that amount to inflation. The indexed amount for 2013 is $5.25 million. Estate Tax Portability The Act also made permanent portability, which allows a surviving spouse to utilize … Continued

Even if your business survived the recession, your property values definitely didn’t. You might think that your property values won’t impact your business until you’re ready to sell. But, did you know that they can affect your ability to refinance your mortgage or continue your line of credit? Beware the Loan to Value Ratio Many … Continued