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Cyndi Trostin Test Word –> Elementor
Everyone can Now Take a Charitable Deduction on Their Taxes Since the last tax law was passed at the end of 2017, nearly nine in 10 taxpayers now take the standard deduction on their income tax return and are no longer able to claim a charitable deduction for donations made to qualifying charities. Now, under the CARES Act and the Taxpayer Certainty and Disaster Tax Relief Act of 2020, individuals who take the standard deduction can now claim a deduction of up to $300 for cash contributions made to qualified charities in 2021. Married couples can deduct up to $600. Therefore, as you begin to put together your tax documents to file your 2021 tax return, double check your charitable contributions for the year as you may be eligible for an additional tax deduction when you file. If you have any questions about tax and estate planning, please feel free to contact Glick and Trostin, LLC at 312-346-8258. Disclaimer: The materials on this website are provided for informational purposes only and do not constitute legal advice. Transmission of the information is not intended to create, and receipt does not constitute, an attorney-client relationship between any attorney and any other person, group, or entity. No representations or warranties whatsoever, express or implied are given as to the accuracy or applicability of the information contained herein. No one should rely upon the information contained herein as constituting legal advice. The information may be modified or rendered incorrect by future legislative or judicial developments and may not be applicable to any individual reader’s facts and circumstances.
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JAE Post #4
JAE Post #4 This is post #4. JAE post topics for the carousel slider. Testing. Test. Test. Test. Test. Test.
JAE Post #3
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Brian Pitts Test Blog
Disclaimer: The materials on this website are provided for informational purposes only and do not constitute legal advice. Transmission of the information is not intended to create, and receipt does not constitute, an attorney-client relationship between any attorney and any other person, group, or entity. No representations or warranties whatsoever, express or implied are given as to the accuracy or applicability of the information contained herein. No one should rely upon the information contained herein as constituting legal advice. The information may be modified or rendered incorrect by future legislative or judicial developments and may not be applicable to any individual reader’s facts and circumstances.
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Test MK
Creating Ease of Access For Your Life Online With technology literally being at our fingertips, we have integrated our digital presence with our physical. More likely than not, you have created an account online, have a profile online, or even do all your investing or money management online. While access to our online lives is convenient now, we may not think about the inability for someone else to access our digital information when we are no longer in control, due to disability or death. Creating a means for someone else to have access to these accounts when you are unable creates ease of administration. What most do not realize is that even though someone is named as your Trustee/Executor or as an agent under your Power of Attorney, it does not allow them immediate access to your accounts. If the accounts are not properly named, there is no ability to log-in, or if there is no direction to allow someone else access to the accounts, your accounts could take months or years to finally gain access, if ever. Glick and Trostin, LLC has some advice to help avoid these problems. We recommend that you create a plan: Create a list of your online accounts, and include the following information: Mediums used to access these accounts Internet Service Providers Personal Websites or Web hosting Email accounts Blogs/Vlogs Any storage mediums (DropBox, private servers, Cloud Systems) Social Networks Online subscriptions Websites that deal with financials (Banking, Utilities, Brokerage accounts, Notes) Software applications Cellphones (Personal and Business) Record your usernames and passwords, access codes or patterns, or any other unique means of access in a private document, on your computer or somewhere safe. In your estate planning documents (POAs, Wills, or Trusts), make mention of these accounts and direct what actions should be taken by your named party for those accounts. Do not put any login information in your Will as it is a public document Add a provision that will allow access to these accounts if for some reason the document is lost or is not accessible. Proper planning and keeping information updated removes ambiguities and ensures your plans are implemented per your wishes with as few roadblocks as possible. Simple updates will reduce any waste of time, and save costs as issues like this can create more fees in the future. If you have any questions about how to leave your trusted family and advisors access to your digital life, or any other potential issues with your estate plan, please feel free to contact Glick and Trostin, LLC at 312-346-8258. Disclaimer: The materials on this website are provided for informational purposes only and do not constitute legal advice. Transmission of the information is not intended to create, and receipt does not constitute, an attorney-client relationship between any attorney and any other person, group, or entity. No representations or warranties whatsoever, express or implied are given as to the accuracy or applicability of the information contained herein. No one should rely upon the information contained herein as constituting legal advice. The information may be modified or rendered incorrect by future legislative or judicial developments and may not be applicable to any individual reader’s facts and circumstances.
JAE Post #2
Placeholder for JAE posts. This is post #2. JAE post topics for carousel slider. Test. Test. Test. Test. Test. Test.
The TKE Law Story
TKE is excited to announce that the firm has relocated its Chicago Loop offices. Our Northbrook location has not changed.
Do You have Unclaimed Property?
Finding money in a coat pocket is always a nice surprise, but what if you found that you could search the internet to locate lost assets? Most states have an unclaimed property website that allows you to search your name to determine whether you may have property that the state is holding for you. Illinois is currently holding $3.5 billion in abandoned assets that are unclaimed by its residents. It is a good practice to check every year or two with your state to see if you may have unclaimed property in the state where you currently or previously lived. Many times when you move, checks are sent to your old address. If the payor is not aware that you moved, the funds are eventually deposited with the state as unclaimed property. You may also find assets that may have been held by loved ones who have passed away. This is one of the most common reasons for unclaimed property to go to the state when someone dies and accounts are abandoned. As estate planning attorneys, we perform a search frequently for estates that we have handled to make sure we did not miss anything when administering an estate. What is unclaimed property? Common types of unclaimed property include: checking and savings accounts, uncashed wage and payroll checks, uncashed stock dividends, and stock certificates, insurance payments, utility deposits, customer deposits, accounts payable, credit balances, refund checks, money orders, traveler’s checks, mineral proceeds, court deposits, uncashed death benefit checks, and life insurance proceeds. In most states, you can file a claim form to reclaim your property. The claim form will tell you which documents you will need to provide to make a claim. The following are a few websites for unclaimed property if you live or have lived in these states. Illinois Wisconsin Minnesota Iowa Indiana If you have any questions about tax and estate planning, please feel free to contact Trostin, Kantor & Esposito LLC at 224-529-0500. Disclaimer: The materials on this website are provided for informational purposes only and do not constitute legal advice. Transmission of the information is not intended to create, and receipt does not constitute, an attorney-client relationship between any attorney and any other person, group or entity. No representations or warranties whatsoever, express or implied are given as to the accuracy or applicability of the information contained herein. No one should rely upon the information contained herein as constituting legal advice. The information may be modified or rendered incorrect by future legislative or judicial developments and may not be applicable to any individual reader’s facts and circumstances.
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