Dear Clients and Friends, Our new tax law doubles the standard deduction to $12,000 for an individual filer and to $24,000 for a married couple. (The IRS standard deduction is the portion of income that is not subject to tax, thereby lowering your overall tax burden. Taxpayers … [Read more...] about Buy or rent and our new Standard Deduction tax law
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FAMILY LAW – WINTER 2019
Dear Clients and Friends: Should you and your spouse keep your bank accounts separate? Historically, when couples get married, they tended to merge their lives completely, moving into the same home and merging finances. However, a Bank of America study shows a trend among … [Read more...] about FAMILY LAW – WINTER 2019
The danger of waiting too long to do estate planning
Dear Clients and Friends, HAPPY HOLIDAYS! Some people never get around to writing a will or planning their estate until the last minute, when they have grown old and have a serious illness. Other people write a simple will when they’re young, but never review or update it … [Read more...] about The danger of waiting too long to do estate planning
Protecting your privacy in a divorce proceeding
Dear Clients and Friends, If you’re like most people, you’ve probably read stories about celebrity divorces, seen their dirty laundry aired in public and maybe even breathed a sigh of relief that you’re not in that boat. But even if you’re a relative nobody, your privacy can … [Read more...] about Protecting your privacy in a divorce proceeding
A “mere” Letter of Intent (LOI) may be a binding contract
Dear Clients and Friends, An LOI is often used to provide a memorandum of understanding for a business transaction - but do note the following: Business people who have agreed on the general terms of a deal often sign a “letter of intent” that lays out these terms in … [Read more...] about A “mere” Letter of Intent (LOI) may be a binding contract
Stepdad who fought for shared custody must now pay support
Dear Clients and Friends, You know the old saying, “With privileges come responsibility?” A Pennsylvania case illustrates that this is particularly true in custody disputes, especially when you’ve fought really hard for parental privileges. In that case, a man married a … [Read more...] about Stepdad who fought for shared custody must now pay support
