The death benefit proceeds from a life insurance policy are generally excluded from income tax. At the same time, no tax deduction is allowed for premiums paid on any life insurance policy if one is … [Read more...] about IS THE LIFE INSURANCE DEATH BENEFIT PAID TO A BENEFICIARY FROM YOUR EMPLOYER-OWNED LIFE INSURANCE (EOLI) POLICY TAXABLE?
Wealth Preservation Strategies
WILL SOCIAL SECURITY AND 401(K) MONIES BE AVAILABLE WHEN YOU RETIRE?
Employers have been transitioning from defined benefit pension plans to defined contribution plans for several years. In 1980, four out of five private-sector workers were covered by traditional … [Read more...] about WILL SOCIAL SECURITY AND 401(K) MONIES BE AVAILABLE WHEN YOU RETIRE?
IRS TAX LIEN – EGREGIOUS ASSAULT ON HOMEOWNER?
The recent court case of William B. Gregory, et al., v. The United States Department of the Treasury – Internal Revenue Service, Case No. 1:12CV00042 in the Western District of Virginia, entered on … [Read more...] about IRS TAX LIEN – EGREGIOUS ASSAULT ON HOMEOWNER?
IS IT POSSIBLE THAT YOUR LIFE INSURANCE POLICY WILL EXPIRE BEFORE YOU DO?
There are numerous types of insurance policies in the marketplace. Most consumers are familiar with term insurance policies which do not build any cash-value within the policy. The insured buys a … [Read more...] about IS IT POSSIBLE THAT YOUR LIFE INSURANCE POLICY WILL EXPIRE BEFORE YOU DO?
WHAT IS FILIAL LAW? WOW, AM I REALLY LIABLE FOR THE DEBTS OF MY FAMILY?
When I heard an elder law attorney discuss filial law, my reaction was the same as everyone in the audience. This cannot possibly be true. Could this happen to you? Your mother enters a nursing home … [Read more...] about WHAT IS FILIAL LAW? WOW, AM I REALLY LIABLE FOR THE DEBTS OF MY FAMILY?
