Woo-hoo!!! Social Security has increased its payments for 2017 by — wait for it — .03% for 2017. That means someone who was on SSI and received $733 per month in 2016 will receive a $2 per month increase in 2017. With monthly benefits soaring to $735 per month, we remind you “don’t spend it all in one place!” Meanwhile, the payroll amount subject to Social Security taxes has increased to $127,200.
Qualified Income Trusts (also known as Miller Trusts or a QIT) are necessary when the…
Trusts, like everyone else, pay taxes when they earn income or sell capital assets for…
People often visit us and ask about using a trust to protect assets in the…
Last year we wrote about qualified longevity annuity contracts, sometimes referred to as QLACs. On…
People regularly ask us whether they should use a trust to protect assets in case…
We haven't posted much lately because we've been busier than a one-armed paper-hanger, but we…