Compliments of the McGee Law Firm, Attorney Brandon McGee Actor Wesley Snipes has given the anti-tax movement in the U.S. a new face. The actor earned more than $38 million between 1999 and 2004, but failed to file any income tax returns for those years. He and his co-conspirators claimed that a technicality in the Internal Revenue Code allowed him to escape taxation of his earnings. If convicted of the criminal tax charges against him, he faced up to 16 years in prison. Snipes’ defense … [Read more...] about IRS Clamps Down on Wesley Snipes and Other Tax Protesters
Compliments of the McGee Law Firm, Attorney Brandon McGee Nobody thinks they will be in an auto accident, have a heart attack, have a stroke, or a myriad of other unexpected, sudden incidents. Those are events that happen to other, unfortunate people – not to us. Yet, according to the National Highway Traffic Safety Administration, auto accidents injure over 2.5 million people in the United States each year. Over 42,000 of those accidents result in death. In addition, … [Read more...] about Preparing for the Unthinkable
Compliments of the McGee Law Firm, Attorney Brandon McGee There is a game that most of us have played before, whether around the campfire or in some other setting: “Telephone.” In this game, you tell a story to the first person who repeats it to the next, and so on, until the story makes it around the circle. It’s fascinating how the story changes even when people are trying faithfully to keep to the original facts. The more complex the story, the more the story mutates. People often … [Read more...] about A Plan by Design or by Telephone?
Compliments of the McGee Law Firm, Attorney Brandon McGee Grandparents love spending time with their grandchildren. If you meet a grandparent, they may break out the photos of their grandchildren, or of the day they spent at the zoo or lake. You and your grandchildren have given each other precious memories, like walking hand in hand to the fishing hole, stopping to skip stones and whistle along the way—just like in the Andy Griffith Show. But, will you leave them anything … [Read more...] about Grandma and Grandpa—You’re the Best!
Compliments of the McGee Law Firm, Attorney Brandon McGee Recently, there has been tremendous turmoil in financial markets and financial institutions. This leads many to ask whether their accounts are safe. Now, more than ever, it is important to protect yourself and your loved ones from the uncertainties in the world. You can start with your financial institution assets. There are several different systems of protection in place, depending on the type of asset and institution. Here is … [Read more...] about A Trust Can Help Protect You from a Financial Crisis
Compliments of the McGee Law Firm, Attorney Brandon McGee Estate Planning is like a team sport. In these turbulent economic times, sometimes it may seem like you are going it all alone. However, you’ll find that bringing together a team of qualified professionals will bring you peace of mind as you work towards your goals. Before doing anything else, you must first select the members of your team to help you achieve your goals. This team consists of the following professionals, depending … [Read more...] about Your Team is on Your Side
It’s a tall task to think about the well-being of your children after your passing. And that’s especially true if you have children who are under the age of 18. As difficult as it may be, it’s critical that you consider the many ways you can provide for them even after you’re gone. Here are three things to consider: Purchase life insurance: With a life insurance policy, you can name your child or children as your beneficiary. This puts them in line to receive a death benefit payout upon … [Read more...] about How to Provide For Your Children After You’re Gone
Compliments of the McGee Law Firm, Attorney Brandon McGee Your child has just turned 6,570 days old, and on the surface nothing seems to have changed. He still mixes the reds with the whites in the wash—she drove off with her book bag on the roof of her car again. But, disconcerting as it may be, for all legal purposes, turning 18 makes your child an adult. Even more disturbing is the fact that without proper legal safeguards, you may no longer have any say in their medical care or … [Read more...] about Eighteen and Alone: The Legal Risks of Independence
Compliments of the McGee Law Firm, Attorney Brandon McGee Change can be very difficult at times. A death in the family can be especially traumatic. It may feel as though the world should stop to mourn your loss, but it does not. The world still turns, day still follows night, buses and subways still run. Yet, for the family who has experienced the loss, the world may have been turned upside down. Just when grief strikes, the family has additional burdens to bear. It is helpful to have a … [Read more...] about When a Loved One Passes
No two people have the exact same financial goals. Just the same, no two people will have the same strategy for reaching them. When it comes to financial planning, you must customize a plan that suits your current situation and goals, along with what you want to accomplish in the future. While there’s no one size fits all approach to financial planning, there are some things you can review today: Your goals: You should have both short and long-term financial planning goals. As long as … [Read more...] about Financial Planning: Here’s What You Need to do