■ Parents of disabled children should be able to exclude reimbursements for non-public school services from their income according to a recent IRS announcement. Information Letter 2009-0124. The general tax rule, which should come as no surprise, is that reimbursement of any personal expense is taxable as income unless a special rules provides to the…
■ Insurance: Before lapsing an insurance policy carefully evaluate your potential future needs for the policy (you may no longer face an estate tax but may face liquidity or other needs), consider the impact of possible income taxes and surrender charges (if any) in your analysis, will health issues impact your ability to obtain…
Summary: So you’re spending a lot of time on the golf course? What you really want are some great fairway conversation tips. You want something that will impress your foursome as you walk each of the 18 holes. Try the following to excite your buddies. Hole #1 As soon as you finish singing “Auld Lang…
Summary: Elder financial abuse is widespread and is probably getting worse as a result of the recession. Don’t assume it doesn’t apply to your parent or grandparent because of the level of their wealth or their perceived social status. Yes Virginia, it even happens in your circles, and even in nice neighborhoods. 50% of the…