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Bad Estate Planning

Sometimes an example of a financial mistake is an easier way to deliver an important bit of advice than the usual soapbox lecture. Given the recent changes back to old style of estate taxes and the step up in basis the beneficiary enjoys, it seems timely to share this story with my readers. The house [...]

A Welcome to Fall Roundup

We start this week with the ongoing coverage Kay Bell has been providing regarding the expiring tax cuts. One of her posts this week was Effect of expiring tax cuts on the rich. As you may know, if congress doesn’t act, the Bush tax cuts expire as this year ends. The expiration will impact all [...]