Family and Taxes

The Latest

  • October 25, 2012

    A life insurance trust is a trust that has the power to purchase life insurance policies on the person who establishes the trust (the grantor), the grantor's spouse, or the trust...

  • January 23, 2012

    Tax credits can help reduce your liability dollar-for-dollar. That being said, they cannot reduce your income tax liability to less than zero. Simply put, your gross tax liability is the amount you are responsible for paying before any credits...

  • April 11, 2011

    If you’re a parent, you want to squeeze all the money out of your tax refund that you can. This includes adding all the child tax credits you can find. Fortunately, there is no shortage of them to be found. You should be able to find something...

  • January 24, 2011

    If you are in the middle of a separation or divorce, you may wonder how your martial status will affect your tax refund status. In fact, there are some things you must take into consideration when dealing with you and your (soon-to-be) ex-spouse’...

  • January 5, 2011

    Filing your federal income tax forms when you’re separated from your spouse requires a little more decision making than usual. There are several options available to you. It all depends on your exact situation. However, you’re most likely going...

  • August 20, 2010

    Inheriting a vacation retreat can be a bittersweet moment. A loved one was lost, but upon this happening you received a piece of real estate. While there are many benefits of inheriting a vacation retreat, you must also realize that there are...