While many taxpayers may be excited about the prospect of reduced loan balances as part of Biden’s Loan Forgiveness Program, they may have questions about the potential tax consequences of that forgiveness. Under normal circumstances, creditors that discharge debt issue a corresponding Form 1099-C Cancellation of Debt to the debtor for inclusion in that year’s income. While the administration … [Read more...] about Discharge of Indebtedness Income and Student Loan Forgiveness
Estate Planning 101
You may recognize the need to have a comprehensive estate plan in place; however, estate planning is likely somewhat of a mystery. Estate planning encompasses much more than just deciding how your estate will be distributed after you are gone. Likewise, an estate planning attorney can do much more for you than you probably realize. The Port St. Lucie estate planning attorneys at Kulas & … [Read more...] about Estate Planning 101
5 Common Estate Planning Myths Debunked
If you are new to estate planning, it can be easy to fall victim to one of the many myths surrounding the concept of estate planning. To help prevent that from happening, the Vero Beach estate planning attorneys at Kulas & Crawford discuss the top estate planning myths. Myth #1 – You Do Not Need an Estate Plan Yet One of the biggest estate planning myths is the idea that you … [Read more...] about 5 Common Estate Planning Myths Debunked
A Checklist for Handling a Terminal Diagnosis
Whether you recently received a terminal diagnosis yourself, or a family member is terminally ill, the diagnosis likely caused a range of strong emotions. In the middle of all those heightened emotions, it can be difficult to think about the practical and legal steps that should be taken following a terminal diagnosis. Those steps, however, are important. The Vero Beach estate planning attorneys … [Read more...] about A Checklist for Handling a Terminal Diagnosis
Where Should I Keep My Estate Planning Documents?
Creating an estate plan is one of the most important things you will ever do, for yourself and for your loved ones. Once you have a plan in place, however, you need to make sure the documents that comprise that plan are properly stored and accessible to those who may need them. To help make sure your estate plan works as intended, the Vero Beach estate planning lawyers at Kulas & Crawford … [Read more...] about Where Should I Keep My Estate Planning Documents?
Estate Planning – Something You Shouldn’t Do Yourself
It’s tempting to think that by taking the time to hand-write your Will or preparing a do-it-yourself plan, you can avoid many of the issues that arise with a Will. In fact, the opposite may be true. By handwriting your Will or preparing a do-it-yourself plan, you may be creating more issues for your family. Read on to learn more. … [Read more...] about Estate Planning – Something You Shouldn’t Do Yourself
Start 2022 the Right Way
The New Year gives us an opportunity to start fresh. If you don’t yet have an estate plan, now’s a great time to make an appointment with an Estate Planning attorney to talk about your goals and concerns. If you already have one, the New Year gives you an opportunity to review it to ensure that it still accomplishes your goals or to make any necessary changes. Read on to learn more … [Read more...] about Start 2022 the Right Way
Top 5 Estate Planning Goals
When you think about creating an initial estate plan, you likely focus entirely on the need to create a roadmap for the distribution of your estate assets in the event of your death. While that certainly will always remain an important estate planning goal. You will undoubtedly include additional goals into your estate plan over time. The best way to decide which estate planning goals should be … [Read more...] about Top 5 Estate Planning Goals
Celebrity Estate Planning Mistakes
You might assume that anyone who does have substantial assets would have a well thought out plan in place. In reality, however, that is not always the case. In fact, some very well-known and well-off celebrities have died and left behind estate planning disasters. To help you avoid making them yourself, the Vero Beach estate planning attorneys at Kulas & Crawford discuss some of the most famous … [Read more...] about Celebrity Estate Planning Mistakes
Learning and Camaraderie at the Academy Summit
The Academy takes learning seriously. The Academy’s Spring Summit included numerous substantive legal education sessions, as well as sessions on marketing and law office management. The virtual conference also included opportunities for networking and fun. Read on to learn more. … [Read more...] about Learning and Camaraderie at the Academy Summit
