This is a follow-up to the “2012 Tax Planning for Fiscal Cliff” article published in CMDA’s On Law newsletter (December 2012) and on our website. On January 1, 2013 Congress passed the American Tax Relief Act extending many of the individual and business tax breaks reviewed in the article. As a supplement to the Article, below is a list of some of the significant tax changes. Individual Income Taxes Federal […]

2012 Tax Planning for Fiscal Cliff Now that the election is over, our federal government has to address the “Fiscal Cliff” created by the Budget Control Act of 2011.  The Fiscal Cliff involves several tax increases, the expiration of the Bush Era tax cuts, along with cuts in government spending. Unless the Senate and the House come to a resolution, there are several tax provisions that will expire or be […]

In the past, articles have been written on the importance of having an estate plan in place. Going a little deeper, this article concentrates on how to correctly and appropriately handle those unique elder law situations that may arise. Elder law is different than traditional estate planning in the sense that elder law does not focus on death and taxes. It focuses, rather, on those times when family members need […]