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How much can you gift?
The season of gifting is a time when many people choose to maximize their estate liquidation opportunity by giving the ones they love money instead of “things,” says Jay Nabors, a Cleveland-based attorney who focuses on estate planning. But how much is too much? And will there be tax implications? “The current maximum allowed without...
Read MoreNortheast Factory Direct gives people unstoppable value
There’s something about Alex Nemet, owner and founder of Northeast Factory Direct, that makes him instantly likeable. Maybe it’s because he favors sweatshirts over suits, and has established comfort wear as the team uniform at each of his three locations. Maybe it’s because doesn’t try to sell the products his stores carry, favoring a...
Read MoreYour estate planning roadmap
The holidays are a good time to make estate planning decisions, says Jay Nabors, a Cleveland-based attorney who focuses on estate planning. “This is the time of year when family members are visiting, so getting your affairs in order and then letting your loved ones in on the details makes good sense,” Jay advises. “Sit down with your...
Read MoreShould you sell your home now, or wait until spring?
There’s a phenomenon in real estate that when the weather cools, so do home sales. People on the fence about whether to sell their home suspect that waiting for a brisker spring market is the smart play. And while that may have been shrewd in years past, with the current topsy-turvy market one thing is clear: all bets are off. To find...
Read MoreWhen your spouse has debt
Getting married to a person with student loan or any other kind of debt can complicate things. Sometimes, because one partner is a little too far into the red, the other spouse is the only one who can be on a mortgage and is therefore the only one to hold title to the house, says Jay Nabors, a Cleveland-based attorney who focuses on estate...
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