Archive for November, 2008
Immediately After Death - What to do
This post is written for the person on the hot seat - present and responsible for the actions required in the hours and days after a loved one passes away.
If the death occurred in a hospital or hospice, the staff will be very helpful. They will pronounce the patient dead, and will allow you [...]
Your parent is dying, you are the executor - now what?
This is a difficult time. On top of the emotions you have responsibilities and decisions to make. This post hopes to outline some priorities and helps you create a to do list.
With your parent
If you haven’t already, now is the time to discover your parent’s wishes regarding end of life medical care. [...]
Gifting and the IRS - Misconceptions
After years of incorrect understanding of gift taxes, today I did some research online and found a few interesting misconceptions and their correction. The definitive source online is the IRS site, with the relevant page located at:
IRS Gift and Estate Tax Overview
Misconception #1: The recipient of gifts over the exclusion limit ($12,000 per [...]
Assets Values Depressed? Good News for Gifting.
Right now a lot of us are depressed, or at least our portfolios are. That’s not all bad news. Because some of our assets are reduced in value, we can gift more to our heirs this year without penalty. This is a great time to gift stocks to your heirs, removing them from your estate [...]