As avid readers of my blog already know (see last week’s installment), most states have a two-pronged approach to pulling you in as a resident and consequently taxing you on […]
At Berdon, we do our best to educate our clients about the tax ramifications of their decisions. They know that in most states there are two ways to be considered […]
Owning a life insurance policy is a common part of many individual’s estate plans.
With certain limitations, points paid (i.e. prepaid interest) on the acquisition of a qualified residence are deductible in the year paid. The treatment of points paid on a refinancing are […]
While interest rates are still low, you may be considering refinancing the mortgage on your principal residence or second residence to take advantage of low interest rates. You should beware […]
One of the most challenging estate planning decisions may be when an elderly parent loses control of his or her faculties. It can be difficult for children to determine whether […]
You’re selling (or buying) that long coveted investment property. Since you are a regular reader of my blog, you have considered all of the income and transfer tax implications and […]
Owning assets jointly with one or more heirs is a common estate planning “shortcut”. While the advantages of joint ownership can include convenience and avoiding probate, it may also create […]