A living trust, also known as an Inter Vivos Revocable Trust, is a legal arrangement in which an individual, known as the grantor, places assets into a trust for their benefit during their lifetime. Upon the grantor’s death, the trust’s assets are transferred to beneficiaries without the need for probate. This process has become increasingly […]
Navigating Estate Planning: The Benefits of a Living Trust Read More »
I recently watched an interesting webinar on security clearances and bankruptcy. I have had a number of clients over the years that have security clearances. Generally speaking, these clients are civilians who work for defense contractors such as Raytheon. Naturally, they are concerned about of the impact of filing bankruptcy upon their security clearance. My
Bankruptcy And Security Clearances Read More »
Although the tax season is over, we do occasionally still have clients coming in because they received a letter from the Internal Revenue Service or from the Department of Revenue demanding that they go online and verify their identity. Specifically, they are asked to go to a specific website and take an identity test. I
Tax Refund Identity Testing Read More »
It seems that every unenrolled preparer, the IRS’ name for tax preparers with no professional credential and thus limited representation rights, is promising “free audit defense” or “free representation” before the IRS in the event of an audit. I find these promises amusing for a number of reasons. First of all, unenrolled preparers have limited