As you probably know, Congress avoided the so-called fiscal cliff by passing the American Taxpayer Relief Act of 2012 (the 2012 Tax Act), signed into law by the President on January 2, 2013.
My previous posts focused more on the technical aspects pertaining to the Executor’s authority to hold title and sell the real estate. After recently handling the sale of real estate from several beneficiaries under a will, I think it will help to provide a more basic analysis of the process.
In times of growth small business owners have often had to determine whether they should outsource work to independent contractors or hire additional part time or full time employees.
Like many, you may think that estate planning is simply the writing of a Last Will and Testament, but a Will is only one part of the process. Your estate plan does not have to be complicated, but it should be complete.