Posts by Inez Bowie, CPA, Manager:
Did You Discuss Finances Before Saying “I Do?”
February 14th, 2012It may not be the most romantic Valentine’s Day conversation, but financial planning is an important part of starting your marriage on solid financial footing. After all, married couples fight over personal finances more than they fight over anything else. Read the rest of this entry “
Thinking of Gifting Money to Relatives? Late 2011 and Early 2012 May Be Best Timing
December 28th, 2011If you’ve been considering making a monetary gift to your children or other relatives, you may want to make your gift well before December 31. And better yet, if you haven’t made any previous gifts in 2011, you can gift up to $13,000 in 2011 and follow up with a gift of up to $13,000 in early 2012. Read the rest of this entry “
What’s wrong with loaning money to family and friends?
May 17th, 2010Dear Cousin Lauren is in a tough spot and she asked you for money. Again. Granted, she’s family and you want to help, but maybe she hasn’t made the best financial decisions in the past. What should you do?
It’s tempting to loan money to a friend or family member when times are tough. But whether Cousin Lauren asks you to float some cash “just this once,” or needs ongoing help that may impact your comprehensive estate plan, consider the following before you commit to an intra-family loan. Read the rest of this entry “
