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November 2012 Archives

Planning for Another Marriage Later in Life

As the life expectancy of people in the United States increases, there are more second and third marriages. Widows and widowers are increasingly likely to meet and decide that another marriage is a wonderful way to spend their remaining years. It is often a surprise to the children that Mom and Dad have lives of their own and choose to marry again.

The Top Ten Money Excuses

Thank you to Peterson Hastings for posting this article by Jim Parker, Vice President, DFA Australia Limited:

New $14,000 Gift Tax Annual Exclusion and Other Inflation Adjustments

By law, a number of tax provisions must be adjusted annually to keep pace with inflation. Before these numbers were adjusted for inflation, taxpayers automatically fell into higher tax brackets as their income rose with the cost of living. This was a stealth tax increase. Those taxpayers were paying more tax on the same "purchasing power." Now, the tax system includes some inflation adjustments to reduce the stealth tax increase.

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Spencer Law Firm LLC
320 Race Ave
Lancaster, PA 17603

Toll Free: 866-639-5451
Phone: 717-207-7935
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