Taxes

7 Common Estate Planning Mistakes

by Norris Law Group on November 28, 2014

Estate planning. It’s easy to put off in many families, especially in young families. But life (and death) can have a way of sneaking up on people in the most unexpected ways, and delaying the creation of an estate plan can result in a whole host of problems. Investment website LearnVest offers a list of […]

Read More

7 Reasons to Tell Your Heirs What They’ll Inherit

by Norris Law Group on November 26, 2014

In some families, the topic of the inheriting money is either “off limits” or considered “morbid.” Of course, each family has the right to deal with money as it sees fit. But there can be advantages to being very clear with heirs in regard to what they can expect to inherit one day—or not inherit, […]

Read More

2015 Estate Tax Exemptions Announced

by Norris Law Group on November 25, 2014

The Wall Street Journal reported on October 30, 2014 that the 2015 Estate Tax exemption has been announced by the Internal Revenue Service. Due to an inflation adjustment, the Estate Tax exemption will rise to $5.43 million for the 2015 tax year, up from the previous exemption of $5.34 million. Married couples may each take […]

Read More

Divorce and Taxes: The State Matters

by Norris Law Group on September 15, 2014

As Benjamin Franklin (and possibly others before him) famously said, “…nothing can be said to be certain, except death and taxes.” As you go through the divorce process, taxes are one of the details with which you and your ex-spouse will have to deal.  Taxes come up even more quickly if you are divorce toward […]

Read More