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Robert P. Newman, Esq.
- Dec 13, 2017
- 3 min
PASSING ON MORE THAN JUST WEALTH
WHO WILL INHERIT YOUR FINANCIAL WISDOM?
Many people who inherit wealth or small businesses are at significant risk for essentially squandering the wealth. An Ohio University study shows that an astonishing 33 percent1 of all beneficiaries lose their entire inheritance within two years of receiving it. The ways they
manage to do so are as varied as the imagination, but in our experience we have seen a common thread: mismanagement.
How beneficiaries lose their way
There ar
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Robert P. Newman, Esq.
- Dec 7, 2017
- 4 min
Proposed Federal Estate & Gift Tax Reform – What You Need To Know Now
The U.S. House of Representatives and the U.S. Senate have now passed separate versions of the "Tax Cuts and Jobs Act." The proposals that are being discussed in the news as "repeal of the death tax" are much more complex than the TV sound bites reflect and there are still unresolved differences between the House and Senate versions.
Here are the changes that our clients may want to consider as the tax reform debate unfolds: The House Bill (H.R.1) calls for increasing the
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