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November092015
Golf and a Little Bit of Residency Planning, Anyone?

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 […]

November092015
Keeping Life Insurance Proceeds Out of Your Estate

Owning a life insurance policy is a common part of many individual’s estate plans.

November092015
Tax consequences of refinancing your home (Part 2 of 2)

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 […]

November022015
Tax consequences of refinancing your home (Part 1 of 2)

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 […]

November022015
Incapacitation of Elderly Parent a Tough Family Decision

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 […]

October262015
To Bunch or not to Bunch?

Most moderate or high income taxpayers will not receive a federal tax benefit for their unreimbursed medical expenses. While medical expenses are deductible as an itemized deduction, taxpayers can deduct […]

October262015
Traps in Transactions: Don’t Take Sales Tax So Casually

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 […]

October262015
Pitfalls of Joint Ownership

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 […]