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At publication time, Hurricane Ian has passed over Florida and has touched down in South Carolina. Nearly two million Florida residents are without power. The estimated fatalities from Hurricane Ian is now over 20.
Florida Emergency Management Director Kevin Guthrie stated on Friday that the number of deaths could be higher than reported. Hurricane Ian was a Category 4 storm when it reached the west coast...More
Case of the Week
Barbara Banker started with nothing. She lived in a midsized town and worked in the local hardware store. The store owner noticed her industrious efforts and strong work ethic. When he decided to retire, he suggested Barbara take over the hardware store and pay him from store profits over a term of 10 years. Barbara did exactly that. When the town drugstore owner wanted to retire, Barbara bought the store...More
Private Letter Ruling
Decedent and Spouse executed two separate revocable trusts and later combined the trusts to establish Family Trust (Trust). Decedent’s will authorized the executor of Decedent’s estate to elect to have Decedent’s estate treated as qualified terminable interest property (QTIP) to qualify for the marital deduction to create the least possible estate tax...More
Article of the Month
Charitable solutions can create a steady stream of payments for a donor. Professional advisors may provide guidance on retirement planning, investments, tax strategies and charitable giving. Clients are often concerned with maintaining their standard of living, minimizing tax recognition and looking for a way to support their favorite charitable organizations. Life income gifts are a great solution for...More