Tag Archives: families and money
Financial Planning Client Trudy

“Making Home Affordable”

by Cathy Curtis on September 21, 2009 in budgeting help, buying a house in the Bay Area, family finances, financial planning for savvy women

On my last visit, we got into a chat about money because Trudy had just completed a loan modification and was more than happy to share the details with me. I was very interested because I knew banks were considering loan modifications, but hadn’t heard of anyone actually getting one.

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It Is Better To Give Than To Receive

Tax Planning Tutorial: This Fee Only Planner Thinks It’s Time To Clear up the Confusion Over the Gift Tax Law

by Cathy Curtis on August 15, 2009 in Women and Money, tax planning

There are many confusing tax laws, but the one that seems to generate the most misunderstanding is the gift tax law. Everyone seems to be aware that people can give up to $13,000 (this amount is periodically adjusted for inflation) a year with no tax consequences – but beyond that it’s fuzzy. A client asked me today if she would have to pay tax on a $100,000 gift her parents were planning to give her to buy a house. The answer is no.

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