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A while back, I was contacted by an old client who unfortunately told me he was terminally ill with cancer. Mr. Smith, (as we'll refer to him and obviously this is not his real name), my old client, contacted me to tell me that he wanted to get his Will updated. So we proceeded with...

After you set up a Trust, look at asset transfers and beneficiary designations.  Failure to do so can preclude maximizing benefits and causing extra costs and inconvenience. Typical Trust Mistakes Include: Asset Transfers:   Creating a trust is just the beginning.  Afterwards, you have to fund your Trust by transferring assets for maximum benefit.  Assets not...

House Bill 206 would increase the amount and change the refundability of an existing tax credit for adoption. Under current law, this credit equals the greater of $1,500 or a taxpayer's adoption expenses, up to $10,000. The Bill increases the minimum credit that may be claimed from $1,500 to $5,000. The Bill also converts the...

While your baby’s birth mother is in the hospital, a social worker from the Social Services Department will visit to answer questions about the hospital, the adoption process, or parenting. You may visit during visitation hours, or stay in another room by request, but be considerate of the birth mother and hospital staff. Give them...