Posts by Lee


Celebrities have enough money to hire the best estate planning lawyers. You would think celebrities, of all people, should have ironclad estate plans that keep their affairs private, leave money and possessions to the people they love and the charities they care about, and take advantage of legal ways to avoid or minimize estate taxes. Unfortunately, it doesn’t always turn out that way. Celebrities can be negligent about estate...

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“No one has ever become poor by giving.” ―Anne Frank The concept of a qualified charitable distribution (QCD) was first introduced in the Pension Protection Act of 2006.  A QCD allows an IRA owner over age 70½ to make a charitable contribution to a charity directly from the taxpayer’s IRA, without counting the distribution as taxable income.  In addition, the QCD also satisfies the owner’s Required Minimum Distribution...

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As a generation, baby boomers are starting to wonder how we can leave our mark upon the world. What, besides material possessions, can we hand down to the next generation? How do we capture and define the wisdom and values that we’ve cultivated over decades of experience? How do we pass these precious assets down to our children, grandchildren, and the world at large? Click the thumbnail below to download and read the full...

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A week hardly passes without news of credit card and identity theft. Here are some security measures you can take, including some you’ve not likely heard of before now. About a year ago, I was sitting down to dinner with my family when I got a phone call from a department store inquiring about my new credit card and recent purchases. I knew right away I had a problem because I’d never shopped at that store. I left my dinner and...

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“There’s just one thing I can’t figure out. My income tax.” – Nat King Cole “The hardest thing to understand in the world is the income tax.” – Albert Einstein This past year, Halloween was barely over when House Republicans introduced their version of tax reform. Among those who understand the complexity of the tax code, as expressed by Nat King Cole and Albert Einstein, few observers thought such...

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