May 2020

Pandemic Prompts Expansion of Online Grocery Options for SNAP Recipients
The SNAP Online Purchasing Flexibility Act, would automatically permit any state to create its own program if it meets certain requirements. A Senate bill, the Food Assistance for Kids and [...]
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What Taxes Are Due When the Beneficiary of a Special Needs Trust Dies?
Trusts are important vehicles in special needs planning. They not only set aside funds to pay for the care of the person with special needs while maintaining eligibility for programs [...]
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Facts About Estate Settlement
You should be aware of some of the other procedures involved in estate settlement. Here is a quick review of some of them. Your attorney, as well as the organizations [...]
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Who is minding the family store?
For many families, their wealth is inextricably intertwined with a family business enterprise. Financial and legal decisions made for the business will impact the family, and estate planning for the [...]
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CHARITABLE CONTRIBUTIONS
If you share your estate with charity, it will cut your estate tax bill. Direct bequests to charity are fully deductible for estate tax purposes. Leave your entire estate to [...]
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Community Property Issues
Ten states have community property systems: Alaska (elective), Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin. Under a community property system, your total estate consists of your [...]
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STRATEGIES FOR FAMILY-OWNED BUSINESSES
Few people have more estate planning issues to deal with than the family-business owner. The business may be the most valuable asset in the owner’s estate. Yet, two out of [...]
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