Latest articles by John M. Goralka
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Is Your Company Ready for the New Partnership Tax Audit Rules?
taxes Unless you take action, you could be facing some unpleasant tax consequences.
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How to Use the Legal Cloak of Invisibility to Protect Your Assets
In an increasingly public world where very little info is private, you can protect yourself by employing an anonymous trust or anonymous LLC.
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How to Use Your Estate Plan to Save on Taxes While You’re Still Alive!
estate planning Upstream basis planning is a trust strategy that can save wealthy people on their capital gains taxes and income taxes associated with highly appreciated assets.
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What If Johnny Depp and Amber Heard Had a Premarital Agreement?
Divorce Oh, the gritty details we’re learning from the latest court battle between Johnny Depp and Amber Heard. This unfortunate airing of dirty laundry may have been avoided with a prenup. Should you think about getting one yourself?
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Don’t Throw Away a $12.06M Estate Tax Exemption by Accident
estate planning Many married couples fall into the “portability trap.” They fail to file an IRS form after one spouse dies and accidentally forfeit a massive federal estate tax exemption.
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This Valentine’s Day – Think … Trust Income Tax Savings!
estate planning Valentine’s Day is synonymous with hearts and flowers, but for those with non-grantor trusts, there’s another symbol that could be associated with it: dollar signs.
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What a Beneficiary Controlled Trust Can Do to Protect Your Legacy After You Are Gone
estate planning Life is messy sometimes. Divorce, bankruptcies and lawsuits happen, and they can potentially wipe out the inheritance you’ve carefully set aside for your loved ones. But there are many trust options to help keep life from ruining your legacy.
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On National Chocolate Chip Cookie Day, a Lesson in Life from Mrs. Fields
personal finance A humbling moment that we can all relate to put the future cookie queen on her entrepreneurial path. If Mrs. Fields could turn a humiliating foible around to become a success, so can you.
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Britney Spears’ Sad Song … Warning: This Could Happen to You
estate planning Being forced into conservatorship and losing all control over your life isn’t something that just happens in movies, like Netflix’s dark drama "I Care a Lot." And it doesn’t just happen to pop stars like Britney Spears. In fact, we all can learn something from Britney’s sad story.
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Coronavirus Crisis Brings Estate Tax Opportunity
retirement A confluence of financial conditions during this challenging time means that some families with very large estates may want to consider taking steps soon that could potentially help them avoid paying federal estate taxes later.
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How to Get Your Estate Plan Done While Under Coronavirus Quarantine
retirement If you are quarantined or under a lockdown and can't get to a notary, how can you get your will, trust and other documents executed? Don't give up. There are ways to get it done without leaving home.
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Philip Seymour Hoffman’s $12 Million Estate Planning Mistake
retirement A few moves could have saved the loved ones of actor Philip Seymour Hoffman a lot of money. Even if you don’t have a $35 million estate, like Hoffman’s, there are some things you could learn from it.
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Digital Assets Need to Be a Part of Your Estate Plan
retirement With all the electronic bill paying and online banking that goes on today, it's important to make provisions for them. Otherwise, things could get tough for your loved ones later on.
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Estate Tax Repeal? Perhaps Not in California!
taxes If President Trump gets his way, the days of the federal estate tax may be numbered — but if it's repealed, California may have an equivalent state tax ready to take its place.
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How Trump's Presidency Could Affect Your Estate Plan
taxes Potential tax-law changes may turn estate planning upside down, but you still need to make a plan as soon as possible.
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A Tale of Two Celebrity Marriages and One Prenuptial Agreement
spending Johnny Depp and Amber Heard could've saved themselves a lot of grief if they'd had a prenup. Learn from their mistake.
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6 Estate Planning Tips for Those Approaching Death
taxes Consider taking some last-minute action to save your beneficiaries from having to deal with extra costs.
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3 Key Takeaways from Prince's Estate-Planning Mistakes
taxes Even without his level of wealth or musical legacy, you should be sure to have a plan in place for everything you want to leave behind after you die.
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How You Can Reduce Capital Gains Taxes with a Two-Year Sale Strategy
Tax Breaks You can also save money on net investment income taxes.
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Is Your Estate Plan Truly Complete?
retirement In addition to your monetary assets, you should consider what "value legacy" you plan on leaving to your heirs.
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