Blog – “Altman Speaks”

Tax Bill Vote Happening Today: Changes to Expect

It appears that the House and Senate have been able to meld their versions of the tax overhaul bill.  This should be put to a vote sometime today and sent to the President’s desk sometime tomorrow. Changes to expect: Please be aware that none of the changes are retroactive to 2017 and will take effect […]

Experiences, Not Things: Gifting Travel to Heirs Via the Use of Trusts

The holiday season is upon us and, across the country, Amazon shopping carts will once again start filling up with gifts for loved ones. While America’s love for consumerism is not likely fizzle out any time soon, there does appear to be a shift, particularly within the millennial generation, towards favoring travel and leisure over material goods. Observant parents and […]

Peace of Mind: The Best Gift that You Can Give to Yourself and Your Family this Holiday

As the holiday season approaches, we anticipate joyous family gatherings, great food, holiday merriment and…estate planning? While it may seem like a taboo topic for a fireside chat, estate planning is critically important and the holidays can present the perfect time to get things in motion. Here are few things to consider: I’ll Be Home for […]

Senate Passes Tax Reform Bill: Tax Cuts and Jobs Act

Early this morning, the Senate passed a sweeping overhaul of U.S. tax code in a bill known as the Tax Cuts and Jobs Act. The final Senate bill differs from the tax bill which was passed by the House in mid-November. Those differences must now be reconciled and a final piece of legislation voted on by […]

Are Your Medical Directives Easily Accessible?

Living wills and medical or health care powers of attorney are advance directives that provide written, legal instructions concerning your medical care in the event you are unable to make these decisions yourself. By preparing these documents, you can express your wishes and offer guidance to doctors and caregivers if you are in a coma, […]

Happy Thanksgiving!

We would like to wish you all a very Happy Thanksgiving!  If you’re traveling, please be safe! Our office will close at 12 PM on Wednesday, November 21st and will reopen at 9:00 AM on Monday, November 27th. – The Altman Team  

This Veterans Day Weekend

This Veterans Day weekend, we pay tribute to the sacrifices of the brave men and women who have fought so valiantly to keep our nation free. If you have a moment, check out this wonderful Veterans Day article written by Ray Starrman.

ABLE Savings Accounts for Individuals with Disabilities

Patterned after 529 college savings plans, ABLE savings accounts are tax-advantaged state savings plans for individuals with disabilities. They are being created as a result of the passage of the Stephen Beck Jr., Achieving a Better Life Experience Act of 2014. ABLE accounts can be used for “qualified disability expenses” – any expense related to the designated beneficiary […]

How the Proposed Tax Law Changes Will Impact Estate Law and Your Estate Planning

The newly proposed tax laws would impact estate law (and therefore estate planning) in the following ways: Basis Step-Up Stays The proposed tax bill currently keeps the “basis step-up” rule.  Under current law (and the proposed tax law), the tax basis of an asset held until death is readjusted to fair market value, permitting heirs […]

The Newly Proposed Tax Bill

Yesterday, the long awaited tax reform legislation was introduced in Congress. While there is a long way to go before anything is passed, and everything mentioned below may change, here are some provisions that may impact many individuals: You will no longer be able to deduct local or state income taxes, medicals expenses and miscellaneous deductions. […]