Cornerstone Investment Consultants Inc
New Kensington, PA:
How to file a loved one’s taxes after they’ve passed away
When a financially comfortable loved one departs, a bevy of tax issues can come into play.
Estate Taxes: What You Need to Know to Protect Your Family and Your Business
Understanding how estate and gift taxes work, can help entrepreneurs better plan for leaving their companies to the next generation.
How to pass on the family cottage without destroying your family in the process
The family cottage is the home of so many memories, and it’s hard to imagine selling it — but figuring out how to pass it on to your children might be even more difficult
How to File an Income Tax Return for an Estate (Form 1041)
If you’re the personal representative for someone who is recently deceased, you may need to file Form 1041, Income Tax Return for Estates and Trusts, for their estate. However, not every estate requires an estate tax return. Sometimes, all you need to do as a personal representative is make sure an individual income tax return...
Tips to Pass a Family Business On To Your Heirs
These tips can help owners of family enterprises beat the odds and pass a successful business on to their heirs.
Filing a Notice of Trust: Answering Your Questions
When it comes to filing a trust, there are certain steps that need taking in order for that trust to be valid in the state where it is filed...
How to avoid painful tax issues when settling a loved one’s estate
What Happens When One Spouse Passes?
Licensed Specialist Jerry Jones discusses what happens with a reverse mortgage when one spouse passes.
Times When it is Worthwhile to File an Estate Tax Form
With the changes in the tax law, most estates today are not required to pay federal estate taxes and that also means there is no need to file the estate tax forms. For many who fall below the threshold, it doesn’t make sense to pay a professional to file the...
What is your plan to pass on the business?
Lately, these columns have focused on protecting your estate and your loved ones that you desire to benefit from it. Today we focus on protecting what some families have developed
How to pass money on to your children
You don't need to be rich to leave something for your children and grandchildren.
What is a beneficiary, and who can be one?
When you want to pass your assets and other belongings onto someone else after you die, you decide on what is called a beneficiary. A beneficiary is someone you name in legal documents, such as
Afterlife Identity Protection: Who to Notify When a Loved One Passes
When a loved one passes away, a crucial step in minimizing the risk of identity left is to notify the proper entities, such as government and credit...
Do You or a Loved One Need to Hire an Elder Law Attorney?
When considering if you or a loved one needs to hire an elder law attorney, remember this - elder law issues are serious business and state laws rule.
What Estate Planning Documents Should Everyone Have?
This is a great time to get organized with estate planning—it will make things a lot easier for yourself and your loved ones.
How to Plan for Upcoming Estate and Gift Tax Changes
The estate tax is a tax on your right to transfer property at your death. It is assessed at the time of your death and consists of an accounting of everything that you own or have certain interests in as of the date of death.
How Can I Easily Pass My Home to My Only Child?
I am a single retired parent to an adult daughter, who is an only child. The home I currently reside for the last 26 years still has a mortgage and the deed is in my name only. I have a will that states everything is left to my daughter, and then to my grandson, if she proceeds me in death. Should my daughter be added to the deed?
What tax forms do I have to file for my sister who died?
You will have to file for a deceased person depending on their income.
Does Your Estate Plan Fall Prey To 3 Big Tax Issues?
3 common estate planning mistakes include: ignoring formalities and income tax implications of FLPs and LLCs; not exercising swap or substitution powers for irrevocable trusts; and not planning for the situs of an irrevocable trust to achieve legal, asset protection, and state income tax benefits.
