Latest Blog Posts

The New Tax Plan and You

Posted on: December 20th, 2017
With gratitude to the Journal of Accountancy…. We will be posting over the next three days how your economic life will be changed by the new tax act. ...

Happy Groundhog's Day!

Posted on: January 29th, 2016
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SCOTUS goes 5-4 for Obergefell; Impact on planning for same-sex couples

Posted on: July 1st, 2015
On June 26, 2015 the United States Supreme Court issued its opinion in Obergefell v. Hodges, the name assigned to a series of consolidated cases on same-sex marriage rights. The Court ruled 5-4 in favor of the petitioners, holding that same-sex married couples are entitled to equal protection under the laws, and that their marriages must be recognized nationwide....

Estate Planning in 2013 and Beyond under the New Tax Law

Posted on: January 29th, 2013
The recent tax legislation dealing with the “fiscal cliff” included significant revisions to the estate tax law that will affect estate planning for the foreseeable future....

How Should Non-Traditional Partners Hold Title to Property

Posted on: December 18th, 2012
In my July 2009 article in the WealthCounsel Quar­terly entitled Special Considerations in Planning for Non-traditional Families, I briefly addressed the topic of how non-traditional partners should hold title to property. This article takes an expanded look at the ways non-traditional partners can take and hold title to property, and some of the advantages, disadvantages, tax conse­quences and potential pitfalls of each....

Young Adults Need Estate Planning Too

Posted on: December 12th, 2012
Most young adults think they are invincible. But the reality is that anyone, at any time, can become seriously ill or be injured in an accident or a random act of violence. And far too many of us know the tragedy of a promising young life that was abruptly cut short....

Estate Planning for Young Families

Posted on: December 6th, 2012
Many young families put off estate planning. If asked, they may say they are too young, healthy or can’t afford it. Some have trouble just thinking about what could happen if they should die while their minor children and spouse are depending on them. But even a healthy, young adult can be taken suddenly by an accident or illness, and those with young families need estate planning precisely because others are depending on them....

President of Troy, MO Bank nabs masked robber from St Louis Post Dispatch

Posted on: November 1st, 2012
Maybe the bank robber couldn’t see very well through the holes in his mask — the face of Chucky from the “Child’s Play” horror movies — as he walked into Peoples Bank & Trust Tuesday afternoon. After all, it says right on the door that concealed weapons are allowed in the bank. They’re practically encouraged by the sign: “Management recognizes the Second Amendment to the U.S. Constitution as an unalienable right of all citizens.”...

Gun Law Planning – Gun Trusts

Posted on: October 24th, 2012
Today’s hot button is the acquistion of National Firearms Act (NFA) firearms. These are silencers, machine guns, short-barreled rifles or short-barreled shotguns, destructive devices, “any other weapons” category regulated under federal and state law. Use of an entity, such as a corporation, LLC, partnership or a trust simplifies the process by eliminating the requirement to seek Chief Law Enforcement Officer (CLEO) approval prior to making application to the ATF. Such approval is denied in many if not a majority of U.S. jurisdictions.....

What and When Should You Tell Your Children About Their Inheritance?

Posted on: October 22nd, 2012
Not many parents like to talk to their children about their wealth. How much money people have is usually considered a private matter, something it’s not polite to talk about. But not talking to your children about how much they may inherit can leave them unprepared to handle even a modest amount....

The Perils of Making Lifetime Gifts and Loans to Your Children

Posted on: October 2nd, 2012
When counseling clients, I am always concerned when I learn that parents have made, or are proposing to make, large monetary gifts or loans to their adult children. The reasons for such gifts or loans vary. Perhaps a child finds him or herself in financial difficulty, often as a result of a job loss, divorce, business failure, or dependency addiction. Few parents, even if they have limited means, turn away a child in need....

Naming a Guardian for Your Minor Child(ren)

Posted on: September 19th, 2012
If you have a minor child, you need to name someone to raise your child (a guardian) in the event that both parents should die before your child becomes an adult. While the likelihood of that actually happening is slim, the consequences of not naming a guardian are great....

20 Questions

Posted on: September 4th, 2012
The ATF Form 20 is used to get permission to transport an NFA firearm from the state where it is registered to another. It is used for both permanent and temporary relocation. You must submit it for approval by the NFA Branch of the ATF prior to transporting NFA firearms either way, except for the temporary relocation of a silencer....

Special Needs Planning

Posted on: September 4th, 2012
In this article, we will focus on an area that will likely apply to you or someone close to you: planning for a loved one with special needs. We will look at the increasing need for this planning; the decrease in government benefits; the concerns families have about providing for their loved ones; whether it is worth protecting government benefits; and planning tips to help you provide for and protect your loved one for as long as he or she lives....

If You Can Find a Way To Avoid Probate, Do So By Daryl Binkley, Esq

Posted on: August 30th, 2012
“There’s hell, and then there’s probate.” - J.J. CHILDERS From his book “Asset Protection 101” To me this is a joke that makes me smile and cringe at the same time....

WARNING ON PROPOSED TAX INCREASES

Posted on: August 16th, 2012
Dear Friends, Now that the health care law has been declared constitutional, the remaining provisions will be going into effect. One little known provision is a new 3.8% investment income surtax, also called the health care surtax or the Medicare tax; it will go into effect on January 1, 2013 ...

Do I Go In? by Dennis Brislawn

Posted on: August 16th, 2012
Imagine coming home from an evening out… and finding your front door kicked in. What would you do? That sense of outrage is there, anger, mixed with some fear about what you will find. Is the burglar still inside? What was taken…? The decision you make in the next few minutes will affect your life for days, months, even until the rest of your life. ...

Take Advantage of the $5.12 Million Dollar Gift Tax Exemption . . . Before it’s too late.

Posted on: August 15th, 2012
There has been a lot of media coverage about the Bush tax cuts that are set to expire on December 31, 2012 and whether they will be extended for all taxpayers or if they will be discontinued for top earners. But not nearly as much has been said about the current estate and gift tax rates that are also due to expire on December 31...

Message In A Bottle: Just How Important is Your

Posted on: August 8th, 2012
Recently I reorganized my kitchen, emptying a series of about 20 bottles filled with corks to make better use of the counter space they occupied. These bottles filled with corks marked every bottle of wine opened in my home since I became a single woman in 2006. Okay, lest you think me a lush, the bottles were, every one of them, opened in the company of friends and family. I collected each one as a remembrance that my life is still abundant, still full of love and laughter and company and joy, despite the fact that I left a very financially secure marriage. Every time I saw the corks, their numbers growing each week because I have a very open door home, I smiled in the remembrance of my chosen, and...

Granny's Got a Gun

Posted on: August 7th, 2012
Written by friend of The Singer Law Firm Dennis Brislawn Several months back I was invited to an elderly client’s home. I mentioned to her two sons that I was doing gun trusts and they asked me to explain. So I told them a little about my project and we talked about some gun stuff, target shooting, and what guns meant in our families growing up. ...

Coming Soon!

Posted on: February 14th, 2012
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