Death Taxes: Where We Are Headed
Tax laws are in constant flux, and can have a significant effect on your estate planning needs. This goes doubly so for large estates. While it is wise to consult an accountant on the minutiae, we thought it best to discuss two prominent tax exemptions, and their influence on your estate planning. They are the […]
A Brief Guide to Stepped-Up Cost Basis
What is Stepped Up Cost Basis and how is it important? Below is our brief guide! In a nutshell, stepped-up cost basis saves you capital gains tax! What’s that? It’s the tax on the value of an asset paid when you sell it, based on the increase in that value (called the adjusted cost basis). […]
5 Reasons You Need an Estate Plan
Your estate plan. One of America’s least favorite topics. But taking the time now can save a heap of trouble later. Here are five reasons you should have an estate plan. Appointing a Personal Representative Your Personal Representative (also known as the PR, or the Executor), will be the one to manage your estate when […]
What Kind of Car Insurance Should I Have?
How do you protect yourself from a car accident? Well, if you’re injured in a car accident by another driver, the other driver’s insurance will pay for it. Liability insurance exists to pay for this. After all, who wants to pay out the nose for their own car and someone else’s car after an accident? […]
Law and Freedom, Hand in Hand
From Iddins Law Group to You, Happy Independence Day! On the 4th of July, 1776, the Continental Congress declared that the thirteen American colonies were now united, free, and independent states, no longer subservient to King George III of Britain. While Independence Day is commonly associated with barbeques, parades, family reunions, and fireworks, it is […]
Winter is here!
Winter is here! The joys of this beautiful season include the hitting the ski slopes, hot chocolate, and peppermint bark however, with the good comes the bad. The bad is that sometimes snowstorms occur! Snow can be tough to navigate! Snow and slick ice on the road can cause drivers to become nervous and distracted. […]
Insights on Fiduciary Duties
Below is an interesting article written by attorney David Gagley about Fiduciary duties: If you are a Trustee of a Trust, a Personal Representative of an Estate or an Attorney in Fact (agent) of a Power of Attorney you have a Fiduciary duty towards interested parties. There are differences between these jobs, but for […]
