This article originally appeared as a column for the Cleveland Jewish News. There is much confusion about inheritances and the various taxes due on them. Contrary to popular belief, not every estate/inheritance will be taxable. In fact, most won’t, and it’s a common misperception – based largely on old, outdated rules – that significant portions of any inheritance will go…
This article originally appeared as a column for the Cleveland Jewish News. Perhaps you have heard of terms like “S-Corporation,” “C-Corporation,” “limited liability company,” and “limited partnership.” This is by no means an exhaustive list, but these are examples of some the various types of separate entities under which your business can be organized. An attorney – or perhaps a…
This article originally appeared as a column for the Cleveland Jewish News. It’s 2016 and it seems that online banking is here to stay. After all, the majority of adults in the United States own mobile phones, and more than three-quarters of those are internet-enabled smartphones. Since 2011 when the Federal Reserve System board of governors began tracking such things,…
This article originally appeared as a column for the Cleveland Jewish News. Ah, wedding season! Love is in the air! You’ve found the perfect clothes. You’ve found the perfect venue. You’ve designed your chuppah, refined your guest list, and made your meal selections. Only one thing left: sign the prenuptial agreement. Or should you? While often associated with high net…
This article originally appeared as a column for the Cleveland Jewish News. Most people prefer to direct their philanthropic dollars toward an existing organization that is dedicated to the cause of his or her choice. And, there is a very good chance your preferred cause is being serviced by at least one – and maybe many – organizations. GuideStar, perhaps…
Nearly a year ago the Supreme Court of the United States issued its landmark decision in Obergefell v. Hodges. This decision was the culmination of six different lawsuits from Ohio, Michigan, Kentucky, and Tennessee, involved multiple same-sex couples, several children, a widower, a funeral director, and an adoption agency, and came after years of appeals in multiple federal courts. Until…
On June 28, 2015, the Supreme Court of the United States issued its landmark decision in Obergefell v. Hodges, 577 U.S. ____ (2015), Docket No. 14-556. This decision was the culmination of six different lawsuits from Ohio, Michigan, Kentucky, and Tennessee, involving multiple same-sex couples, several children, a widower, a funeral director, and an adoption agency. Both before and after…
This article originally appeared as a column for the Cleveland Jewish News. The health care power of attorney and living will are two of the most important documents you could have in your life care plan. The former names a trusted loved one who would make medical decisions on your behalf in the event you were no longer able to…
This article originally appeared as a column for the Cleveland Jewish News. As another calendar year comes to a close, it’s time again for last-minute year-end tax planning. True, there is just over a month left in 2015, but there is still time to take advantage of some smart planning. Consider upping your retirement contributions to the maximum allowed amount.…
This article originally appeared as a column for the Cleveland Jewish News. Death – right up there with taxes – is one of the few certainties, yet estate planning is something that many fail to consider until it is too late. Rather than leaving it to your spouse, your children, or worse, the state, to figure out, your best bet…