Dear Clients and Friends, Remote work practices may be sparking a new residential trend away from urban areas. City dwellers, accustomed to living in small, high-priced apartments, are now looking for bigger spaces in the suburbs. Rents are rising in suburban markets … [Read more...] about Remote work practices driving housing demand in suburbs
Economy
Modifying your support agreement during a pandemic
Dear Clients and Friends, The coronavirus pandemic has wreaked havoc on millions of Americans’ financial situations. Layoffs, reduced hours, furloughs and business closings have changed people’s economic outlook. It’s also made it hard for people paying child support to meet … [Read more...] about Modifying your support agreement during a pandemic
Buy or rent and our new Standard Deduction tax law
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
Pros and Cons on divorcing spouses living together
Dear Clients and Friends, The first step in a divorce is usually for one member of the couple to “walk out.” But increasingly, divorcing spouses aren’t walking out at all – they’re staying put. In fact, it’s been estimated that as many as one-half of all separating couples … [Read more...] about Pros and Cons on divorcing spouses living together
How to avoid common trust mistakes
Dear Clients and Friends, Trusts can be the linchpin of a solid estate plan. But it’s important to remember that you can’t just set up a trust and forget about it. It’s a good idea to periodically review how your trusts are working to make sure you and your family are getting … [Read more...] about How to avoid common trust mistakes
Deciding on a Bankruptcy
Dear Clients and Friends, A liquidating, Chapter 7, Bankruptcy comprises the vast majority of Bankruptcy filings. Deciding on such a filing should not be based solely on one's need to get rid of ones bills. That is too often done and too short sighted to get one what they … [Read more...] about Deciding on a Bankruptcy
