When most people think about what will happen to their assets after they’ve passed, they envision everything going first to their spouse and then to their children.
Author Archives: Lee Sausen, CPA
For most Estates and Trusts, there are three parties involved:
Are you a generous person that regularly donates cash to qualified charitable organizations?
When planning your estate, you probably try to think about what will happen to all of your hard-earned assets when it is time for them to be distributed – things like your house, car, IRA, deposit accounts, and even your dog, Buster.
To learn the basics of the Free Application for Federal Student Aid (FAFSA), Section 529 College Savings plans, and how they work together, read on.
Depending on which classification your property falls under, there are several different rules for reporting rental income, deductible expenses, and gains and losses from the sale of the property that you should be aware of. The home you use for the majority of the year would be considered your principal residence.