The estate planning process is a necessary step in making sure your assets and property is distributed as you wish. Congress has made changes to estate planning through the back and forth nature of estate taxes. Yet again, in 2013 the estate tax is going to change again. This can be frustrating to many estate…
Giving away millions isn’t what it used to be for wealthy Americans… In 2013, the federal gift-tax exemption rate will only allow citizens to give up to $1 million in his/her lifetime tax free. Up until then, Americans are allowed to give up to $5.12 tax-free. Also included is a rise from 35% to 55%…
When other people may be looking towards retirement, some advantageous workers over 55 are starting their own businesses. Mostly seen as a young person’s game, aging baby-boomers have accounted for more than 20% of new entrepreneurs in 2010. With age also comes experience, connections and local networks, and some start-up funds from being in the…