Do Gift Recipients have to Pay Taxes? Do Gift Recipients Have to Pay Taxes? Transcript: Hi this is Wes Coulson and this is your estate planning and elder law minute. One of the questions that we get frequently relates to whether there are taxes on gifts. Quick answer is, that 99% of the time, no. […]
Save Income Tax by Donating Appreciated Assets
Saving Income Tax by Donating assets Hi I’m Wes Coulson, and this is your estate planning minute. Since we’re at the end of the year, I want to pass along a handy end of the year income tax planning tip for you. A lot of people make contributions toward the end of […]
What’s the Difference Between Estate Planning and Asset Preservation Planning?
In this Elder Law Minute, Wes Coulson, Illinois and Missouri Elder Law attorney, discusses the difference between estate planning and asset preservation planning. What’s the Difference Between Estate Planning and Asset Preservation Planning? Transcript: Hi, I’m Wes Coulson, and this is your Estate Planning and Elder Law Minute. People see the reference on our website […]
What Your Will Doesn’t Cover (and Why It Matters So Much)
It’s a commonly-held belief that if you have a will, its terms will determine how your estate will be distributed when you die. But in many cases, that’s far from true. A will only covers assets that are not the subject of their own self-contained plan for distribution. As it turns out, that covers a lot […]
91, 56, 80, 25, 25, 54, 95, 66, 94, 44, 91
You’re probably curious about what the above string of numbers means or refers to. Is it the winning numbers in some new “Pick 11 Mega-Lottery?” Is it a secret code of some sort? You’ll probably be surprised to learn that it is the ages of people whose obituaries appeared in a local newspaper one recent […]
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