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Losing the Battle One Fight at a Time (Why we give up little by little…)

August 9th, 2022 (No Comments)

I sometimes feel like my life has been a series of battles… that or one continuous war. Regardless, I can look back on my life and see where there were pivotal moments, whether the battle was being fought from within or with an outside party, where it was important for me to stand and fight. […]

Dancing On the Razor’s Edge

August 9th, 2022 (No Comments)

I remember the TV room at First Baptist Church daycare. It had shag carpet in the late 70s and a big corner TV, at least big by the standards of the day. We watched all kinds of re-runs on that television. The teachers at the church daycare would herd us into that room daily so […]

Why I HATED… and now LOVE my job!

August 9th, 2022 (No Comments)

Jobs can be hard sometimes. As a young attorney I found myself working in every courtroom. My schedule was packed with court all day so I met with clients when I could and after court and worked on legal work/cases after hours. I barely slept. I remember at one point after a year of trying […]

What is a Gift?

August 2nd, 2022 (No Comments)

Surely, we all have a conception of the definition of a “gift.” However, a gift, in legal sense, is something very specific. Consequently, when attempting to determine whether a transfer constitutes a gift, it’s important to look at the facts and circumstances of the purported transfer of right, title, interest, or possession of an asset.  […]

Tax Avoidance Series: How to Avoid Estate/Gift Tax with Trusts and Annuities

July 28th, 2022 (No Comments)

  The estate/gift tax is a tax based on the value of the assets an individual owns at the time of death or gave away during their lifetime. Luckily, there is a value threshold and everyone whose assets/gifts are below that threshold, avoids the death tax. This allows for practitioners to implement plans for those […]

Out with the Old… In With the New…

July 8th, 2022 (No Comments)

I keep all kind of stuff. I have the most awesome baseball glove sitting on a shelf in my basement. I can see it in my minds eye right now. The Rawlings logo, a red sewn on patch with Rawlings scrawled in cursive in white attached to this divine piece of leather. I have played […]

Avoid Estate Tax without Sacrificing the Step-up in Basis

July 6th, 2022 (No Comments)

The Estate Tax, also known as the “death tax,” is going to be a reality for many more individuals once the estate tax threshold lowers automatically in 2025. One strategy for avoiding the estate tax is to take advantage of the high exemption now. Currently, the exemption for an individual is $12.06 million. This exemption […]

Avoid the Gift/Estate Tax with the Crummey Trust

June 29th, 2022 (No Comments)

  The estate and gift tax work hand-in-hand. There is a set limit on the amount you can either give during your life or at your death before the gift/devise will be taxed (lifetime exclusion). The current limit is $12.6 million (which will go back down to $5 million, before inflation, in 2025). This means […]

Planning and Mental Health

June 27th, 2022 (No Comments)

With the turn of the century, a light now shines on mental health. Still, many people are not accustomed or even comfortable discussing their mental health with their friends or family. There is a lingering perception that difficulties with mental health and struggles with related diagnoses are somehow the fault of the afflicted. Western society […]

Do You Need Some “Tough Love”?

June 6th, 2022 (No Comments)

If I could travel back in time, what would I tell myself when I was 20 years old? Would I do the obvious investment tips, or would I tell myself the important things, the most important things? Be true to yourself. Never fear. Have faith in your vision, in your dreams. Start investing in real […]

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