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Estate Planning Strategies in a Low-Interest-Rate Environment

The federal government requires the use of certain published interest rates to value various items used in estate planning, such as an income, annuity, or remainder interest in a trust. The government also specifies interest rates that a taxpayer may be deemed to use in connection with certain installment sales or intra-family loans. These rates are currently at or near historic lows, presenting several estate planning opportunities.

Low interest rates favor certain estate planning strategies over others. For example, low interest rates are generally beneficial for a grantor retained annuity trust (GRAT), a charitable lead annuity trust (CLAT), an installment sale, and a low-interest loan. On the other hand, low interest rates generally have a detrimental effect on a qualified personal residence trust (QPRT) and a charitable gift annuity. But interest rates have little or no effect on a charitable remainder unitrust (CRUT).

“Picture Yourself on the BNMC, Powered by AT&T” Attracts Hundreds of Students and their Families

“Picture Yourself on the BNMC, Powered by AT&T” Attracts Hundreds of Students and their Families

Nearly 600 middle and high school students and their parents took part in the second annual  “Picture Yourself on the Buffalo Niagara Medical Campus, Powered by AT&T” event today in order to get a behind-the-scenes look at the variety of work that takes place there every day including medical, manufacturing, research and entrepreneurial organizations. The half-day event was designed to introduce future STEM (science, technology, engineering and mathematics) careers, internships and volunteer opportunities to area students in grades seven through twelve and to demonstrate the importance of STEM education and the field’s significant  impact on the region’s resurgence.  Participation in the event exceeded the goal of 500 and increased by about 150 people compared to last year.

DNA & Paternity, A Child's Perspective With Live Interview

 DNA & Paternity, A Child's Perspective With Live Interview

 

DNA Testing can determine if an adult is the biological parent of a child.

 

The non-invasive procedure involves collecting and examining the DNA [your body contains as many as 100 trillion cells containing DNA or Deoxyribonucleic Acid] of a small sample of bodily fluid or tissue from a child and potential parent. DNA testing can prove biological grandparents, maternity, and siblings.

 

There are various terms associated with DNA Testing such as Paternity Testing, Relationship Testing, DNA Profiling, and Genetic Fingerprinting.

 

Tips for Those Who Missed the Tax Deadline

Monday, April 18, was the tax deadline for most people in 2016. If you didn’t file a tax return or an extension to file but should have, take action now. If you missed the tax filing deadline:

Assessing Portfolio Performance: Choose Your Benchmarks Wisely

You can't help but hear about the frequent ups and downs of the Dow Jones Industrial Average or the S&P 500 index. The performance of both major indexes is widely reported and analyzed in detail by financial news outlets around the nation.

Like the Dow, the S&P 500 tracks the stocks of large domestic companies. With 500 stocks compared to the Dow's 30, the S&P 500 comprises a much broader segment of the stock market and is considered to be representative of U.S. stocks in general. Both indexes are generally useful tools for tracking stock market trends, but some investors mistakenly think of them as benchmarks for how well their own portfolios should be doing.

Good Posture is Key to Avoiding Common Injuries

Good Posture is Key to Avoiding Common Injuries

Most people think that injuries come from one specific incident, but the truth is a large percentage of injuries occur over a long period of time due to poor posture or repetitive injuries. Good posture is key when trying to avoid these injuries.

Postural injuries can include lower back pain, hip pain, shoulder impingement, neck and arm pain, elbow tendonitis, carpal tunnel and more.

Stand Out From the ‘Selfie’ Crowd with a Professional Headshot

Stand Out From the ‘Selfie’ Crowd with a Professional Headshot

There are countless reasons why an individual may require a professional headshot —  applying for a new position, a recent promotion at your current place of employment or being appointed to the board of a nonprofit organization are among the top reasons. But whatever the reason, it’s always best to be prepared with both knowledge and the name and number of an experienced headshot photographer.

“A professional headshot is often your first opportunity to make a positive impression,” said Elizabeth Snyder, owner of Elizabeth Snyder Photography, LLC of Grand Island. “Some companies are now requiring a profile image along with a resume at an in-person interview, so planning in advance is key. And in today’s ‘selfie’ world, you will really stand out and show your professionalism.