Rion Paige – Judges are “Blown Away” – THE X FACTOR USA 2013 – 844-292-1318 legal aid Alabaster Alabama

This Florida girl isn’t going to let anything get in the way of her dream. Watch as she inspires the judges with her performance of Carrie Underwood’s “Blown Away”!

Subscribe now for more THE X FACTOR USA clips: http://bit.ly/TXF3_Subscribe

Tune in to THE X FACTOR USA Wednesday & Thursday 8/7c on Fox!

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See more of THE X FACTOR on our official site: http://www.thexfactorusa.com/

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The award-winning international phenomenon THE X FACTOR is back. In Season Three of the hit competition series hosted by Mario Lopez, THE X FACTOR judges will travel the nation searching for talent 12 years old or over — both solo artists and vocal groups — who are willing to brave the panel for a chance to make their dreams of becoming a superstar come true. Auditions for THE X FACTOR were held this spring in Los Angeles, CA; Charleston, SC; New Orleans, LA; Long Island, NY; and Denver, CO.

Contestants will audition in front of THE X FACTOR judges, including Simon Cowell, Demi Lovato, Kelly Rowland, Paulina Rubio, and an audience of thousands. This will be the ultimate test to prove they have the vocal ability, charisma and stage presence it takes to become a global superstar or breakout music act and win a recording contract with Syco/Sony Music.

Those contestants who survive the first auditions will be divided into four categories: Boys, Girls, Over 25s and Groups. Each category will be mentored by one of the show’s judges. Not only is it a competition between the hopefuls to stake their claim for the coveted win, but it’s also a showdown among the judges as to whose acts will dominate the competition and make it to the finals. The judges may have their say in how the competition progresses, but it will be up to America to decide who ultimately has THE X FACTOR.

Meet Rion Paige – THE X FACTOR USA 2013
http://www.youtube.com/user/TheXFactorUSA

Alex & Sierra

Alex & Sierra left a mark with their performance of A Great Big World’s “Say Something.” What did their mentor, Simon Cowell, have to “say” afterwards?

“Say Something” performed by “Alex and Sierra” on THE X FACTOR USA. Buy now on iTunes: http://bit.ly/1cYRTbF

Subscribe now for more THE X FACTOR USA clips: http://bit.ly/TXF3_Subscribe

Tune in to THE X FACTOR USA Wednesday & Thursday 8/7c on Fox!

Like THE X FACTOR on Facebook: http://bit.ly/TheXFactorUSA_FB
Follow THE X FACTOR on Twitter: http://bit.ly/TheXFactorUSA_Twitter
Add THE X FACTOR on Pinterest: http://bitly.com/TXF_Pinterest
Add THE X FACTOR on Google+: http://bit.ly/TheXFactor_GooglePlus
See more of THE X FACTOR on our official site: http://www.thexfactorusa.com/

Like FOX on Facebook: http://fox.tv/FOXTV_FB
Follow FOX on Twitter: http://fox.tv/FOXTV_Twitter
Add FOX on Google+: http://fox.tv/FOXPlus

The award-winning international phenomenon THE X FACTOR is back. In Season Three of the hit competition series hosted by Mario Lopez, THE X FACTOR judges will travel the nation searching for talent 12 years old or over — both solo artists and vocal groups — who are willing to brave the panel for a chance to make their dreams of becoming a superstar come true. Auditions for THE X FACTOR were held this spring in Los Angeles, CA; Charleston, SC; New Orleans, LA; Long Island, NY; and Denver, CO.

Contestants will audition in front of THE X FACTOR judges, including Simon Cowell, Demi Lovato, Kelly Rowland, Paulina Rubio, and an audience of thousands. This will be the ultimate test to prove they have the vocal ability, charisma and stage presence it takes to become a global superstar or breakout music act and win a recording contract with Syco/Sony Music.

Those contestants who survive the first auditions will be divided into four categories: Boys, Girls, Over 25s and Groups. Each category will be mentored by one of the show’s judges. Not only is it a competition between the hopefuls to stake their claim for the coveted win, but it’s also a showdown among the judges as to whose acts will dominate the competition and make it to the finals. The judges may have their say in how the competition progresses, but it will be up to America to decide who ultimately has THE X FACTOR.

Alex & Sierra’s “Great Big” Performance! – THE X FACTOR USA 2013
http://www.youtube.com/user/TheXFactorUSA

What’s the problem with giving away assets to my children? – 844-292-1318 legal aid Madison Alabama

http://www.alabamaelderlawyer.com/2015/04/whats-the-problem-with-giving-away-assets-to-my-children/

Isn’t this the cheapest estate plan there is? Yes and the most expensive all at the same time.

Often in doing proper elder law/estate planning, we need to transfer assets out of our name and into the name of someone else or into a trust. So, naturally the idea comes up:

“I’ll just transfer my house to my kids”
“I’ll add my daughter to my checking account”
“I’ll gift this stock or investments to my son”

Three issues we talk about in the video.

First is taxes. A gift normally means the person receiving the gift gets the same “tax basis” as the original owner. Example is you bought your house for 0,000 and now it is worth 0,000. If you died and it passed by inheritance (or the right kind of trust) then your children would get a “step up” in tax basis to the fair market value which is 0,000. So they could sell it the next day and pay no taxes.

But if you give it away, then your kids take it at 0,000 basis and when they sell it for 0,000, they may be paying taxes on 0,000 in gains. Taxes can get complicated so get with your tax expert but hopefully this gives you a feel for how this “cheap” solution can be very expensive.

Second, let’s talk about creditors. If you give assets to your kids, and they find themselves in a lawsuit situation with creditors, then those creditors can ultimately get the gift that you made. The fundamental rule of asset protection is whatever you can reach in and grab of your stuff, so can your creditors and predators. Same with your kids — whatever they own and control (and if they are a joint or sole owner then they own and control) their creditors have access to it.

Third, predators include divorces, lawsuits (car wrecks, business deals, etc), your child having long term care needs, etc. A predator can reach whatever your child owns — and they don’t care what the “purpose” or intent was in giving the asset to your child. All that matters is your child owns it.

There are options to transfer assets and avoid some or all of these issues. Some are fairly involved and some are not.

Just giving assets away, however, is rarely a good idea unless this is part of a well thought out plan.

If you have any questions about Estate Planning or Elder law (Medicaid, Special Needs, or VA Pension), feel free to give us a call at 205-879-2447 or contact us through our website http://www.alabamaelderlawyer.com/contact-us/.

John G. Watts
Watts & Herring, LLC
Birmingham and Madison Office in Alabama
We represent consumers from all parts of Alabama

No representation is made that the quality of legal services to be performed is greater than the quality of legal services performed by other lawyers.
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