Death of a Taxpayer

Death of a Taxpayer

Death of a Taxpayer When a taxpayer dies, there are certain returns that still need to be filed, a responsibility that falls onto the personal representative. Personal Representative Under state law, a personal representative is the person appointed by a court to...
College Financial Aid Planning

College Financial Aid Planning

Individuals who want to attend college but cannot afford the costs outright must find alternative funding through various types of financial aid. Many factors affect eligibility for federal financial aid; therefore, all students should apply for financial aid every...
Estate Planning, Wills, Probate, and Transfer of Assets

Estate Planning, Wills, Probate, and Transfer of Assets

Wills and Intestacy A will allows the testator (the person creating the will) to specify: • Who receives property at the testator’s death. • Whether beneficiaries receive gifts outright or in trust. • Who will act as personal representative. • Who will be the guardian...
Financial Planning Guide

Financial Planning Guide

Personal Financial Planning Budgeting Steps to managing income and expenses include: • Be realistic when making a budget. • Identify monthly outflows as living expenses, savings, and discretionary. • Estimate low for income. • Estimate high for expenses. • Track every...
Newlywed Tax Tips

Newlywed Tax Tips

Are you getting married here in Sarasota? Are you ready for the best day of your life? Are you ready to update your status from “single” to “married” when it comes tax time? Updating your status from single to married may bring about some unanticipated changes,...