Why You Need a Will

You may think that your estate plan should include a will in order to handle the disposition of your assets. That’s true: If you die “intestate,” meaning without a will, some or all of your assets probably will be distributed according to state law. In reality,...

Passive Activity Losses From Rental Property

In these times of high stock prices and low bond yields, investors might be thinking about rental property. Such investments can pay off in the right situation. Before you make any decisions, though, you should be aware of the tax implications, especially the passive...

Succession Planning for a Family Business

If you intend to name a family member to succeed you in running your company, you have some advantages. The person you’ll name (probably your son or daughter, son- or daughter-in-law) is someone you can identify easily, without an extensive search. You know that...