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Articles Posted in albany estate planning

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IRS ART ADVISORY PANEL

GOVERNMENT HAS BEST AT HAND – FOR FREE Whenever a taxpayer submits tax documents that deal with a work of art or of cultural significance that is valued at least $50,000, according to the taxpayer’s own estimate, the IRS goes through a process by which it independently evaluates the items.…

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UNDERSTANDING CELEBRITY BONDS

DAVID BOWIE BONDS         As the world learned, David Bowie passed away on January 10, 2016.  Mr. Bowie was always on the leading edge of creativity, an advocate for meaningful social change and a musical genius to boot.  He started his musical career at the same time as the Beatles,…

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CAN AN HEIR BORROW AGAINST INHERITANCE?

Perhaps your prodigal child wants to start a law firm or a medical practice and needs start up funding.  You have some money set aside for your children’s and grandchildren’s inheritance but agree to loan them the money out of this fund.  It’s not uncommon for these monies to be…

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