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How To Avoid or Reduce Estate Taxes

Estate taxes do not, by and large, affect the vast majority of Americans, but to those who plan to leave millions upon their death, it pays in spades to understand recent changes to federal estate tax...

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What is an incentive trust?

An incentive trust is meant to encourage or discourage the behavior of a beneficiary. For example, in the case of a rebelious child, a parent may use an incentive trust to encourage them to enter coll...

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What is a discretionary trust?

A discretionary trust gives a trustee discretion, with some specified limitations. Discretionary trusts can be special needs trusts, help avoid creditors, or provide for a minor beneficiary....

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What is an IRS tax levy?

The IRS has many collection tools in its toolbox if you do not pay your taxes, including tax levies on wages or bank accounts. If the IRS threatens a tax levy, or you receive a notice of tax levy, it ...

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Disclaiming Inheritances

When someone'disclaims' an inheritance, they refuse to accept all or part of it, whether it is money, real or personal property....

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What are the tax consequences of child support?

Making legally-mandated child support payments has no tax consequences for either the person making the payments nor the person with custody of the child who is receiving them. In general, child suppo...

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Can parties join a case at the appeals stage?

In order to ensure court efficiency and equal handed decisions, the court allows parties to join in even at the appeals stage where necessary. However, scenarios where people may join in appeals are l...

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Who can commit malpractice?

Any professional who is licensed by the state and holds themselves out as having special skills can commit malpractice. While this means that there are many types of professionals that can technically...