2012 Is A Great Year To Make Gifts

The estate and gift tax law is constantly changing.  In 2012, this law is very favorable for anyone inclined to make gifts to family members or friends.  Generally, any transfer of cash or other assets that you make to another person without consideration during your lifetime is subject to gift tax and the requirement that.. read more →

What happens to lucky lottery winners? Some wind up in court.

Lotto fever recently spread throughout California when the Mega Millions lottery jackpot reached a high of $656 million – the world’s largest jackpot to date.  Unfortunately, no one in California won the big prize.  When we experience high lottery jackpots like this one, I sometimes wonder what happens to the lucky winners after they claim.. read more →