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Can Estate Planning Fees Be Deducted By Your Business

Can Estate Planning Fees Be Deducted By Your Business

Can Estate Planning Fees Be Deducted By Your Business You may deduct legal fees paid to attorneys and fees paid to other professionals for ordinary and necessary expenses of your business, including expenses for helping you start your business. When you are starting a business, keep track of all your costs while you are investigating… Continue reading Can Estate Planning Fees Be Deducted By Your Business

Can Child Support Be Reduced If I Have More Children

Can Child Support Be Reduced If I Have More Children

Can Child Support Be Reduced If I Have More Children After a separation or divorce, life keeps moving forward. For many, it can feel like the start of a new chapter. You are likely to go on and build new relationships. You may even end up having more kids. With changes in circumstances, such as… Continue reading Can Child Support Be Reduced If I Have More Children

Beneficiary Designation And Estate Planning

Beneficiary Designation And Estate Planning

Beneficiary Designation And Estate Planning A beneficiary designation is the act of naming the person who will inherit an asset in the event of the account owner’s passing. Some common examples include life insurance policies and retirement accounts. When the account owner passes away, their assets are then transferred to the beneficiary that they designated.… Continue reading Beneficiary Designation And Estate Planning

Can Things I Purchase For My Child Count Towards My Child Support?

Can Things I Purchase For My Child Count Towards My Child Support.

Can Things I Purchase For My Child Count Towards My Child Support? The temperatures are starting to drop and holiday cheer is starting to fill the air. As many people complete their Christmas shopping, some might be wondering, “can holiday gifts be counted towards child support?” Child support can be a complicated issue and it… Continue reading Can Things I Purchase For My Child Count Towards My Child Support?

Are Estate Planning Fees Tax Deductible?

Are Estate Planning Fees Tax Deductible.

Are Estate Planning Fees Tax Deductible? In general, you can deduct legal fees as an ordinary and necessary business expense. The types of legal fees that are deductible include creation and review of contracts, filing a lawsuit or defending a lawsuit for breach of contract, legal assistance to collect on an account, defending an intellectual… Continue reading Are Estate Planning Fees Tax Deductible?

Are Estate Administration Costs Tax Deductible?

Are Estate Administration Costs Tax Deductible.JPG

Are Estate Administration Costs Tax Deductible? When a person dies, all of his or her possessions real estate, money, stocks, personal belongings, and a lot become a part of his or her estate. Estate administration refers to the process of collecting and managing the estate, paying any debts and taxes, and distributing the remaining property… Continue reading Are Estate Administration Costs Tax Deductible?