Why do I need a will?

One of the most important things an individual can do for his or herself is create an estate plan. Of course, no one wants to think about what happens when he or she passes, but it is important to be prepared so that your estate passes the way you want, and that you protect and […]

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What is a power of attorney?

When it comes to estate planning, one of the most important things that a person can do is grant someone they trust power of attorney. A power of attorney allows an individual to grant another person (the “Agent”) the power to handle very important financial and transactional matters in the event that he or she […]

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IRS Private Debt Collection Agency Outsourcing

Beginning in Spring/Summer 2017, the Internal Revenue Service (IRS) will begin implementing the use of private debt collection agencies to settle certain tax debts.   The private debt collection agencies will need to abide by the Fair Debt Collection Practices Act and must respect taxpayer rights.  Four private debt collection agencies have been contracted by […]

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What does an Executor Do?

An executor has a multitude of responsibilities. Some include submitting the will for probate, gathering and evaluating the estate assets, opening an estate checking account, paying debts, filing tax returns, and distributing the assets to beneficiaries. The first step is for the executor to submit a will for probate. You must submit the will to […]

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