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The Internal Revenue Service has issued guidance on the revived adoption tax credit. Congress declared the tax credit permanent in 2013 and, in 2018, raised the maximum adoption credit to $13,810 for qualified expenses, including adoption fees, court costs, attorney’s fees, and travel expenses. The credit amount begins to phase out for taxpayers with an...

In my 30 years of private practice, I have yet to see a correctly-done do-it-yourself Will! Most people do not have a Will. Why? Because most of us are busy living and working, and the last thing we think about is mortality. Usually, “do-it-yourself” Wills are done by people who can afford to have a...

House Bill 448 could mean the beginning of the end of adoptions as we know them! The Bill permits a person to bring an action to obtain visitation rights with an adoptee’s minor siblings. The Bill also extends sibling relationships beyond adoption. Click here for more information. Call (614) 241-2181 todayAt Thomas Taneff Co., LPA.,...

Most foster care arrangements are intended to be temporary, but a good foster parent understands a child’s welfare comes before all other concerns. As a foster parent, you may find it is in a child’s best interests to remain in your care rather than return to their natural parents. you may find yourself in a...

A Minnesota judge decided that singer Prince has six siblings as his rightful heirs, bringing them closer to collecting their shares of the singer’s $200 million estate. Since Prince’s death due to an accidental opioid overdose, more than 45 people came forward claiming to be his relative. Some were ruled out through DNA testing, while...

Around 40% of marriages are a remarriage for at least one of the spouses. Getting remarried can affect your estate plan. Many older adults are focused on making sure their grown children or grandchildren receive an inheritance. Without adjustments to an estate plan, a new spouse may inherit assets you intended for your children or...