Posts Tagged ‘Debt’
Two Percent Can Go a Long Way
April 27, 2011 | Personal Family Lawyer | admin | 0 Comment
You may not have noticed it but your paycheck has increased by two percent (2%). The 2010 Tax Relief Act (H.R. 4853) extended some of the current tax rates and it also reduced the Social Security payroll tax by two percent for 2011. As unimpressive as 2% may sound, you can actually do quite a bit with it. Here are a few tips to make that little extra go a long way: Pay Off Those Credit Cards About 67% of the bankruptcy filings in the United States are directly linked to credit card debt. And it’s easy to see why when you really look at the numbers. The average credit card carries an interest rate of 14%. That means for every hundred dollars you put on your credit card, you’re actually spending $114.00. Take that extra two percent in your check and increase the amount you pay each month on your credit cards. You’ll pay them off that much faster and save a substantial ...
Idaho legal news by Snake River Law
- Is part time employment included in an Idaho child support calculation? March 18, 2013The Idaho child support guidelines state that additional part time employment is excluded from income for child support calculations if the person can show: “(1) the excess employment is voluntary and not a condition of employment, and (2) the excess employment is in the nature of additional, part-time employment or is employment compensable as overtime [... […]admin
- How Your Taxes Will Change in 2013 – In A Nut Shell January 3, 2013The bill approved in Congress to avert the fiscal cliff would bring the first major tax increase on high earners in 20 years. Payroll Taxes Increase to 6.2% from 4.2% (almost a 50% increase) Taxpayers Making $200,000 (Single), $250,000 (Couples) Would See Payroll (Medicare) Taxes Increase an Additional 0.9% on Top of the 6.2% Taxpayers […]admin
- Not The End But A New Beginning May 4, 2012In the next two months, those words will ring out in high school graduation ceremonies all across the country. And if you have a high school senior in your home, then chances are that things are about to change dramatically, both for you and your high school senior. There are a few things that you […]admin
- QTIP Trusts April 20, 2012A QTIP trust, or Qualified Terminable Interest Property trust, is a special type of A/B trust. Have I lost you yet? Not to worry… keep reading! Let’s start at the beginning. An A/B trust is a marital trust system comprised of two trusts, an A trust and a B trust. The A trust is typically […]admin
- More About Your Estate Plan April 13, 2012The revocable living trust is the basic building block of most estate plans. It’s the tool that allows your estate to avoid the expense, time consumption, and uncertainty of probate court, and it is the tool that can hold just about any of your assets. While revocable living trusts are ubiquitous in the world of […]admin
- Election Year Antics February 8, 2012Welcome to politics in 2012! Did you sign up for what we’re getting in America? In many ways, nobody is happy with the landscape. Most of us—Independents, Democrats, and Republicans alike—are unhappy (or even disgusted) with politics in general. It’s at the point of being most disgruntled, however, that we need to pay the most […]admin
- Assets Without Physical Form November 8, 2011There’s been a lot written about estate planning in recent years. That’s partially because federal laws on the taxation of estates have changed a lot in the past few years, and they will be up for discussion by Congress again before the end of 2012. Anything being discussed by Congress gets a considerable amount of […]admin
- Professional Guidance Through a Complex Process October 18, 2011There is a widespread misconception that estate planning is simply a method of directing one’s assets to designated beneficiaries in the event of death. That’s simply too narrow of a view. Estate planning is necessary—crucial in fact–in the event that you become incapacitated or otherwise need a loved one to manage your finances. This can […]admin
- Three Reasons for Having a Living Trust October 5, 2011There are a multitude of reasons to have a living trust. We can’t begin to cover them all, but we will touch on three reasons very briefly here. Reason #1: Protecting Property for Certain Beneficiaries When most of us think about estate planning, we think about passing our property to our family and […]admin
- Estate Planning and Business Succession September 22, 2011Most people hear the words “Estate Planning” and automatically think about wills, trusts, tax issues, and probate. The reality is that estate planning is about much more than just figuring out how to pass on your hard-earned assets. We’ve written a lot about the ways that estate planning benefits families. Today we’re going to talk […]admin
