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I Won the Lottery, Now What?

Lottery winnings are generally paid over a 20-year period. Winners pay income taxes on the receipt of these proceeds and life goes on. What happens if the lottery winner does before collecting the 20 years worth of payments? The remaining payments are subject to...

Major Changes to Estate and Gift Tax

On December 17, 2010, the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 was signed into law. This new law includes several significant, temporary changes to the gift and estate tax that could significantly impact many individual’s...
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