By: Ron Morgan Effective for tax years from 2018 through 2025, new Internal Revenue Code Section 199A generally provides for a deduction of 20% of “qualified business income” received from sole proprietorships or so-called “pass through” entities (partnerships, limited liability companies, and S corporations). The deduction does not apply to W-2 income that you receive […]
By: Matthew Getty I frequently receive questions about revocable trusts from clients who have heard something about them but aren’t quite sure what they are. Sometimes these clients have become convinced that they need to have a revocable trust, but they don’t have a clear understanding of what a trust will do and whether it […]
By: Denise Tuttle Imagine you have just lost a dear loved one. Your thoughts are jumbled and your world has been turned upside down. You have an appointment scheduled to meet an attorney for the first time to discuss where to go from here. You may be anxious about this appointment, despite having enough already […]
By: Matthew Getty A common threshold question in estate planning is “Do I need to do anything?” The answer to that question depends a great deal on your personal preferences and whether you will be satisfied with the default results. The disposition of your assets will depend on the form of ownership and Vermont law. […]
By: Matthew Getty We are sometimes asked by clients whether it is necessary to update certain documents, particularly powers of attorney and advance medical directives. A power of attorney is a document that appoints an agent to manage affairs on your behalf. The scope of a power of attorney is usually quite broad, but it […]
By: Matthew Getty One of the consequences of the 2008 recession was a decrease in the size of institutional endowments, just at the time when reliance on those funds may have increased in order to offset a simultaneous reduction in contribution income. The Dow Jones Industrial Average has tripled since the depths of that market […]
Who Is Watching Vermont’s Legal Guardians? By TAYLOR DOBBS @TAYLORDOBBS click to enlarge MATT MORRIS Bruce Thomas and two of his siblings waged a costly court battle for eight years, alleging that their brother Paul abused his legal power as their elderly mother’s court-appointed guardian and bled her holdings of $1.1 million.
Most people think of “age-proofing” a home for an elder as installing grab bars in the shower and tacking down the throw rug in the living room to make a home physically safer for an elder. I want to take that concept one step further and offer you a quick checklist to age-proof a home […]