The family vacation home is often a point of pride, a place for reconnecting and making memories. A vacation home, whether it’s in the mountains, near the sea, on a lake, or on a farm, can have sentimental as much as economic value.
07/27/23 • by: The Law Office of John A. Laine, P.C.
There is a popular misperception among many seniors that in order to protect their assets from creditors, including the cost of nursing home care, they should consider gifting their assets to their children.
06/22/23 • by: The Law Office of John A. Laine, P.C.
Your digital life includes dozens of usernames and passwords. Providing a digital estate plan can help your family deal with your accounts with minimal fuss.
06/15/23 • by: The Law Office of John A. Laine, P.C.
Studies suggest that millennials will inherit an astounding $68 trillion in the coming years, making them the wealthiest generation in history. While this may be great news for some, it also comes with significant tax implications.
06/09/23 • by: The Law Office of John A. Laine, P.C.
The IRS has confirmed its view that when assets are gifted to an irrevocable grantor trust and not included in the grantor’s estate, the trust assets will not receive a step-up in basis at the death of the grantor.
06/02/23 • by: The Law Office of John A. Laine, P.C.
