Depreciating Your Commercial Real Estate

  What is Depreciation? When you purchase property for business purposes, such as buildings, equipment, machinery, vehicles, and furniture, the IRS does not consider these purchases as deductible expenses. Instead, because of the nature of the property, it is considered an asset that is subject to depreciation. This means that the property is expected to  … Read more

Probate and Out of State Property

  As it stands, the probate of an estate is a lengthy process that can take many months to several years. Imagine then, that you have to open probate proceedings in two or more different states, each with its own laws and with different lawyers. This is exactly what happens when a decedent lives and  … Read more

Discovery and Recovery of Assets

  When an estate enters probate, the court tasks an executor or administrator with the critical and practical tasks necessary to guide the case from beginning to end. One of the critical duties that the court orders of the executor or administrator is to accurately and thoroughly identify and report the property that makes up  … Read more

Claiming Medical Expenses

  Medical care is expensive. Even if you have the most generous health insurance policy in America, you are going to pay a lot of money out of pocket if you have an unforeseen medical emergency, or an event that requires intensive medical treatment or hospitalization. This is why it is important to understand if  … Read more

Custody and Parental Kidnapping

  Few things infuriate separated couples quite like money and child custody. Unfortunately, we far too often see parents make bad decisions in the context of child custody. These range from ill-advised choices, to felonies, to worse. On the extreme side of the spectrum is parental kidnapping. Parental kidnapping occurs when a parent wrongfully takes  … Read more

The Taxpayer Bill of Rights

  For many, paying taxes can seem tedious, confusing, and unfair. This is especially salient when you see your reduced paycheck a, big tax bill, or read about how the government lost track of tens of billions of dollars in cash in Afghanistan. In addition, there are many people who are dissatisfied with the IRS  … Read more

Why Does Probate Take So Long?

  As you have read on my blog numerous times, proper estate planning is essential to making sure that your loved ones are taken care of in accordance with your wishes. One of the goals for many people is to avoid the probate process entirely. This is because probate can take a really long time,  … Read more

Addressing Children’s Fear of Divorce

  Separations and divorces are rough for anybody who has ever had the experience. But as much as divorce impacts adults, it is so much worse for children. In fact, no matter a child’s age, divorce has permanent emotional effect during a critical period of their development. This is why parents must demonstrate that things  … Read more

Tax Rules Benefitting Veterans

  Our active and veteran military members honor our Country with their service. Unfortunately, this service is often without reward. Many veterans struggle following their service, with mental health and physical challenges, as well as problems establishing a career. To honor military service and to help alleviate their financial burdens, the IRS and states offer  … Read more