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A very popular option for a parent with children is called the "Give It Twice" trust. This is a trust funded when the surviving parent passes away. Part of the estate is...
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I’m about to sign up for Medicare Part A and B and would like to find out what they don’t cover so I can avoid any unexpected costs down the road. Medicare covers a...
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In the State of the Union Address on January 20, President Obama outlined several White House proposed tax reforms for 2015. The general plan includes several tax increases on upper-income persons and financial corporations. These will be combined with middle-income tax reductions. Proposed Tax Increases 1. Capital Gains Tax – The current top 20% rate for upper-income persons would be increased to 28%. Because the 3.8% Medicare tax also applies to capital gains, the current top 23.8% rate would be increased to 31.8%. Many states also tax capital gains. In some states, the...
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