Questions often come up when gifting to children. What are the consequences to the giver and to the recipient? An article from nj.com, “Gift tax
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Guardianship Issues Abound in the Silver State
A recent article in Reuters shows the problems in Nevada courts that are responsible for court-appointed guardians for the elderly. This article describes how a
When Do I Start Succession Planning for My Business? How About Yesterday?
As a by-product of succession planning, you get a template for running a better business. It’s beneficial to start these preparations right away. Springfield (MO)
Did you get the news that three members of the Bellomo & Associates team will be dancing this year in The Hip Nut?!?
The Hip Nut project is about creating a diverse, multi-cultural, holiday production that appeals to a wide range of audiences. The show puts a contemporary
How Do I Give My Required Minimum Distribution from a 401(K) To Charity Without Being Taxed?
Required Minimum Distributions (RMDs) are minimum amounts that a retirement plan account owner is required to withdraw each year, beginning in the year that he
We are very excited to announce that three members of the Bellomo & Associates team will be dancing in Greater York Dance’s, very own production, The Hip Nut!
The Hip Nut project is about creating a diverse, multi-cultural, holiday production that appeals to a wide range of audiences. The show puts a contemporary
Consider a Roth IRA for Estate Planning
There’s considerable talk about potential tax reform in Washington. It is anyone’s guess what that will look like in the end. However, taxes must be
What about a Trust? Do I Need This?
A trust is a legal vehicle for managing financial assets for the benefit of you and/or someone else. The property owner (the grantor or settler)
Michigan Considers Stiffer Penalties for Elder Abuse
Right now, Michigan law only allows a felony if a person “causes serious physical harm or serious mental harm to a vulnerable adult,” explains WZZM
Should I Use a Trust to Avoid Probate?
Progressive states like California have led the charge in finding and implementing methods and techniques to avoid probate, reports The PV Democrat in its recent
Reverse Mortgage Rules Change Again
The federal government is again modifying the reverse mortgage rules. These changes impact the cost of insurance and borrowing limits, which create a mixed bag
Mississippi Prisoner Sues to Keep “Step-Mother” from Getting His Father’s Estate
Thomas Ellis claims that Maria Jackson, also known as Maria Ellis, has no right to his father’s benefits, because she was never legally married to