Some taxpayers follow a practice of retaining tax documents only for a certain number of years, after which the taxpayers discard the documents. However, taxpayers should consult a tax professional before destroying documents, as doing so creates several risks for the filer
Senate Bill 494 was filed in early October 2015. The bill, described as the Florida Fiduciary Access to Digital Assets Act, unanimously passed the Senate Judiciary committee.
North Carolina officials are bracing for a tremendous influx of incompetent adults with no legal guardians. The number of adults under the legal authority of the state in 2017 is expected to be about 6,000. This is double the figure from just a decade prior.
The Bipartisan Budget Act of 2015 includes, among its provisions, new rules regarding Social Security that could affect elder care plans nationwide
For the 2015 tax year, Tennessee's estate tax exemption is $5,000,000 and as of January 1, 2016 it will be repealed.
The IRS released 2016 tax adjustments. A few key modifications in the forthcoming tax year that might affect estate planning and tax decisions.
The Centers of Medicare and Medicaid have proposed revisions to regulations for long-term care facilities that would prevent nursing homes from mandating signatures on binding arbitration agreements as part of their admissions process.
Following a landmark court decision, the door is open to married LGBT couples in each state to apply for Social Security spousal benefits if requirements for application are met.
While one individual might have a POA providing power over all trust matters, another individual might have a POA with explicit limitations regarding trusts.
The Internal Revenue Service proposed new rules regarding substantiation of certain claims for charitable contribution deductions