by fawcettlaw | Jan 7, 2014 | From the Desk of Myrna Fawcett
Credit Shelter Trust are a type of trust that allows a married investor to avoid estate taxes when passing assets on to their heirs. The trust is structured so that upon the death of the investor, the assets specified in the trust agreement (up to a specified maximum...
by fawcettlaw | Dec 27, 2013 | From the Desk of Myrna Fawcett
As you plan to make gifts in your elder years, you need to know about federal estate and gift taxes, income taxes, real estate law, estate law, wills and divorce law. Your first step should be to consult an attorney. Your attorney will ask you to gather copies of all...
by fawcettlaw | Dec 20, 2013 | From the Desk of Myrna Fawcett
A revocable living trust is a popular estate planning tool that you can use to determine who will get your property when you die. Most living trusts are “revocable” because you can change them as your circumstances or wishes change. Revocable living trusts are...
by fawcettlaw | Dec 13, 2013 | From the Desk of Myrna Fawcett
A checklist for helping a surviving parent get organized 1. Find assets. Often, just one spouse manages most of a couple’s finances. Be sure that your surviving parent knows where important assets are located. Over time, you may find it helpful to make a master...
by fawcettlaw | Nov 27, 2013 | From the Desk of Myrna Fawcett
Hanukkah, the Jewish Festival of Lights, is celebrated for eight days beginning at sundown tonight, Wednesday, Nov. 27, 2013. On the Hebrew calendar, the dates are 25 Kislev to 2 Tevet in the year 5774. This year, some are celebrating “Thanksgivukkah,”...
by fawcettlaw | Nov 25, 2013 | From the Desk of Myrna Fawcett
The Affordable Care Act, or ObamaCare as it is commonly known, doesn’t raise premiums for seniors; the AARP has predicted that it could hold the costs of Medicare Part B premiums down, if not lower them. The official formula for determining Medicare Part B...
