| Elder
Law Center, P.C. |
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June
2009
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| In This
Issue |
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Estate Taxes: What's a Taxpayer to Do? After almost a decade of
changes in the federal estate tax code, and many states changing
their tax structure in response to the federal changes, clarity
appears to be on the horizon.
Accounting for Gifts and Loans to Children in Your Estate
Plan No parents want their
children to fight among themselves after they are gone. Sadly,
conflicts often arise, especially when a parent has gifted or loaned
money to one child and not others. However, a few key words in your
estate plan can minimize the potential for conflict.
Online Services Offer Estate Planning for Digital Assets
Once
upon a time, when life was less complicated, a safe deposit box key
was all loved ones needed to unlock the secrets of a life recently
ended. Today, many aspects of our lives -- both financial and
personal -- are lived in places accessible only by password.
Requiring Adult Children to Pay for Aging Parents
Did you
know that children can be responsible for their parents' unpaid
bills? Thirty states currently have laws making adult children
responsible for their parents if their parents can't afford to take
care of themselves.
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| Disclaimer:
The information contained in this newsletter is not intended
as legal advice and should not be relied upon to answer any
specific questions concerning your own circumstances or for
purposes of legal planning. For specific legal advice, please
contact our offices. |
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