Family Trust -An Easy Guide to Understanding Them
March 07, 2022Understanding a Family Trust A Family Trust is a good idea to ensure your legacy and benefits for your loved ones. It is a legally binding Estate Planning tool that’s set up to financially protect and benefit you and your family. The purpose is to establish a way for your family to reap direct financial… Read more »
We Welcome Gregory P. Turza for Expanded Estate Planning Resources
March 07, 2022Welcome to Greg Turza, Esq. As we continues to expand our estate planning services, AJM&A, Ltd. welcomes friend and colleague Gregory P. Turza, formerly of Legacy Laws. Turza has been a lawyer for nearly 50 years with a focus on estate planning and estate administration. Turza will bring his client base over to AJM&A as… Read more »
Misconceptions About Estate Planning -What You Thought You Knew but Really Didn’t
March 02, 2022Misconceptions about Estate Planning -What to avoid? Common estate planning misconceptions come when people know the concept but aren’t very clear on the specifics involved. These myths can result in people to believing that an estate plan is unnecessary. By debunking common estate planning myths, individuals can then embrace the need to protect their vulnerable… Read more »
Estate Planning Attorney Shares Proactive Estate Planning Strategies
February 23, 2022Estate Planning Attorney Shares Proactive Estate Planning Tips Proactive estate planning is the best financial process to protect you and your family. It is a very important component of your overall financial planning. If you don’t have an up-to-date estate plan and you happen to get hurt or sick and cannot manage your financial affairs,… Read more »
Silver Lining for the Affluent in this Challenging Tax Season
February 16, 2022Gift tax returns are truly a gift for wealthy tax filers. Glitches confounding the IRS for a third pandemic year largely concern individual returns, not gift tax ones, which are filed far less frequently. Last year, donors could give $15,000 each to as many relatives, friends or other recipients as they wished.
New Ordinance Requires Written Contract for Domestic Workers
February 15, 2022New Chicago ordinance requires employers of domestic staff to provide a contract.
Tax Season 2022…Brace Yourself for Bumpy Ride
February 15, 2022Tax preparation professionals suggest: Do everything you can do electronically, especially if you’re due a refund. Keep the human element out and don’t expect to get through to the IRS by telephone.
IRS Suspends Automated Notices to Streamline System
February 15, 2022IRS Suspends Automated Notices In the latest push to try and organize a better 2022 tax season, the Internal Revenue Service is suspending more than a dozen automated letters it sends out to taxpayers. These include collection notices, balance due notices and unfiled tax return notices. The actions seem to be a direct result of… Read more »
Comprehensive Estate Plan is the Real Way to Say I Love You
February 07, 2022The Romance of a Comprehensive Estate Plan Jewelry and Chocolates are nice but to truly show you love-think of an estate plan! Yes, love is in the air this Valentine’s Day season. We are going on record to say nothing quite says I love you like a comprehensive estate plan! There is no better way to… Read more »
IRS Having Difficulty Processing Power of Attorney Forms
January 26, 2022The 2021 tax season is open! It is promising to bring a host of challenges. Tax professionals are largely ready to forge ahead to help their clients get through it, but now they may have trouble getting power of attorney forms processed. The IRS is still dealing with a backlog of millions of tax returns,… Read more »