Income Tax Return for Estates and Trusts – Form 1041

5 months ago

What is Form 1041 used for? If an estate or trust has gross income of $600 or more during a…

Notice Concerning Fiduciary Relationship – IRS Form 56

5 months ago

IRS Form 56 is used to notify the IRS of the creation or termination of a fiduciary relationship under section…

2025 Spousal Impoverishment Standards

6 months ago

On November 15, 2024, the Centers for Medicare and Medicaid Services posted the 2025 spousal impoverishment standards. These are the…

Social Security Disability versus Veteran’s Disability

6 months ago

The word disability doesn't have the same meaning in all contexts. If you have a disability insurance policy, you could…

Getting Organized

7 months ago

Many people think that estate planning is just having documents prepared. They have a lawyer prepare a Will, get it…

Beneficiary who accepted inheritance under Will could not bring action for tortious interference

7 months ago

In Chambers v. Edwards, 365 Ga. App. 482 (2022), William Chambers sued his sister, Kathy Edwards, alleging tortious interference with…

Medicaid’s payment of medical bills does not bar recovery from negligent party

8 months ago

When an injured party sues someone who negligently injured him or her, one form of damages the injured party may…

Market Observations from David Hultstrom

8 months ago

From time to time we re-post David Hultstrom's Financial Foundations. Mr. Hultstrom, who is a co-founder of Financial Architects, had…

Construing the Meaning of a Trust: Settlor’s Intent

8 months ago

If called upon to determine the meaning of a trust, or to resolve some ambiguity, Court look for the intent…