2012 Gift Tax Exemption and Exclusion Amounts

DISCLAIMER: Estate and Gift Taxes are an entire semester at law school and probably for your local accountant as well so this is just a brief introduction into the exemption amounts that are currently Available in 2012.  Even the Internal Revenue Service understands how complicated estate and gift taxes can be come so they have…Continue Reading

How I Prepare to Meet My Accountant

Up until I got married to The Wife I did my own taxes as they were straightforward!  A W2, a few bank accounts, an investment account and my student loans.  Then I bought a house and got married…that’s when my tax world became more complicated.  The Wife is an independent contractor, and as an independent…Continue Reading

Never Assume Someone Has a Completed Estate Plan

In the past I have stressed that regardless if someone is with working with a professional that person’s testamentary intent should be the most important objective when planning his or her estate.  Recently, I have been seeing a trend that makes me believe that goal needs to be restated and tweaked a bit – Testamentary…Continue Reading

Updating My Dividend Income Investment Portfolio

Every two to three months I like to update my Dividend Investment Portfolio (or known around these parts as the article formally known as the Perpetual Income Machine) and since my last update was in December of 2011 I figured it was about time.  These posts are to provide myself with a “watch list” for…Continue Reading

Maximizing Family Resources to Get College Financial Aid

It’s no secret that paying for college is an incredibly expensive proposition these days. Tuition at private schools has been steadily rising for years, and state financial troubles have now caused public school tuition to skyrocket, as well. No matter how much or how long you save, it often seems as though no amount of…Continue Reading

Would You Pay More for an American Made Good?

I was watching one of my favorite shows last week, Shark Tank, and there was a particular story that got me thinking.  According to ABC Donny McCall, designed the patented made-in-America Invis-A-Rack, the most innovative cargo management system for pick-up trucks ever developed. This collapsible truck track can be unfolded in seconds to carry everything…Continue Reading