This & That: The B&G Blog
Welcome to our blog and the portal to our newsletter articles. To the right, you can view past articles and blog posts by category, and below, we share some of the latest news and views from around the web and within the firm. Please note that the information provided is meant for informational purposes and is in no way a replacement for professional legal, tax, or therapeutic advice.
Transferring Digital Currencies at Death
People who hold digital currencies such as bitcoin need to think carefully about passing them on. Something known as a “dead man’s switch” is popular but flawed, and the ideal solution has not yet emerged.
Why You Might Want a Trust
Clients often ask if they need a trust instead of a Will. It’s a very personal decision, but here are some things trusts can do for you.
Considering Moving Closer to Family?
With families commonly spread out across the country, or even the world, many parents consider moving closer to a family member as they age. Consider making some plans sooner, rather than later.
Survey: Caregiving Has Its Rewards
A new survey of those caring for loved ones with dementia indicates the rewards of providing care are not insignificant: 45 percent said their work was very rewarding. On the other hand, there’s stress: a whopping 78 percent said caregiving was at least somewhat stressful. Few (28 percent) sought respite help outside the home for themselves.
Having the Money Talk
Grown children hate talking to their parents about money, but there are important reasons to do it. Here are some tips to get you on the path to better communication.
Estate Tax or Not, You Need a Plan
You may be convinced the GOP will finally eliminate the estate tax. Great, but you still need an estate plan. Here’s why.
IRS Announces Tax Limits for 2018
The estate tax exemption is going up to $5.6 million (the IRS zoomed right by $5.5) for 2018, and the annual exclusion amount finally makes it to $15,000, up from $14,000. More.
The Tomayto and Tomawto of Taxes
Some call it the “death tax,” others call it the “estate tax.” The branding means more than it probably should, but here’s how it got started.
New Tool in Elder Abuse Fight
New federal elder abuse law aims to make it easier to prosecute scammers.
Choosing Your Executor/Trustee
We often talk about how important it is to carefully choose who will administer your estate, whether via a trust or a Will. Here’s the story of several famous picks, and a lot of them did not go well.
A Primer for Care Options
Did you know Reader’s Digest is still around? This month, it provides an informative primer on care options, from in-home housekeeping to hospice.
Review Your Revocable Trust
If your revocable trust was drafted a while ago, it might include provisions that could hurt you income tax-wise. Here’s what to look for.