My cousin came into the office with a map of an elaborate business plan. It had layers of business entities outlined on a sheet. She described her business and then wanted todiscuss all the types of entities she wanted to use. She described how effective she thought
The question of how long a power of attorney lasts has two different answers–a legal one and a practical one. First, the legal answer is however long you set it up to last. If you set a date for a power of attorney to lapse, then it
It may seem impossible to shift taxes to someone else, but it is a long established tax planning technique of the wealthy. Income is moved away from family members in a higher tax bracket to family members in a lower tax bracket. Shifting income is still a
One of my clients is going through a miserable divorce, and she asked me what to do about filing her taxes in the coming year. She has been separated for seven months and has been the sole caretaker of the children. She does not want to be
