Executor’s Role in a Probate Proceeding

The executor’s role is to ensure that the terms of a persons will are followed or if no will exists to ensure the estate is transferred in compliance with state law.  There are several steps in this process. Identify the assets. Collect or otherwise take control of the assets. Identify the debts. Pay debts. Distribute any remaining assets. Identifying the assets is essentially determining what is owned and Read More

Why do I need a Will?

No one likes to think about their own death which makes it hard to prepare for this inevitable occurrence. Having a will provides a guide for those you leave behind and helps ensure they will be protected.  Furthermore, if you don’t have a will the state has one for you and it may not fit your needs.  A properly drafted will provides peace of mind for those you leave behind.  A good will answers four Read More

Creating a Will Together? How Romantic.

Some of you might consider planning your Will a sad or depressing activity.  But in reality, nothing says ‘I love you’ more than properly planning for the future so the person you love is protected. Whether you’re married or in a committed relationship, there are several important documents that you need to have in place. Will- Creating a Will is a crucial part of everyone’s estate plan.  It provides detailed Read More

The IRS is Ramping Up Employment Tax Audit Activity

In an effort to close the tax gap, the Internal Revenue Service (“IRS”) is increasing audits of employers related to employment tax issues.  Now in its third year of the Employment Tax Research Project, the IRS is looking at the payroll practices of 6,000 employers to identify compliance failures. The IRS is focusing on four main areas including: Executive Compensation Fringe Benefits Expense Read More