Dear Clients and Friends:
All of us here wish you and yours a Happy Thanksgiving and Peaceful Holiday Season. OSOFSKY & OSOFSKY
This Month’s Articles:
Annual Gift Tax Exclusion Jumping to $13,000 Next Year
Tax Deductions for Assisted Living Costs
Writing a Memorandum of Intent for a Special Needs Child
FDIC Temporarily Boosts Insurance Limit to $250,000, Including Trusts
Book Review: Questions and Answers on Life Insurance
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| Annual Gift Tax Exclusion Jumping to $13,000 Next Year |
| The annual gift tax exclusion will increase from $12,000 to $13,000 effective January 1, 2009, the Internal Revenue Service (IRS) has announced. |
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| Tax Deductions for Assisted Living Costs |
| If you or a family member lives in an assisted living facility, you know that assisted living costs continue to rise every year. But did you know some of those costs may be tax deductible? |
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| Writing a Memorandum of Intent for a Special Needs Child |
| How can you ensure that your special needs child will remain well cared for and secure once others assume the role of guardian or caregiver? |
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| FDIC Temporarily Boosts Insurance Limit to $250,000, Including Trusts |
| The recently passed Emergency Economic Stabilization Act of 2008 temporarily raises the basic limit on federal deposit insurance coverage (FDIC) from $100,000 to $250,000 per depositor. The rise in insurance coverage applies to trust accounts as well. |
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| Book Review: Questions and Answers on Life Insurance |
 Term life? Variable life? Whole life? Universal life? Deciding which type of life insurance to buy can be confusing. This book helps demystify the process. |
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