Holiday Gifting Tips

Now that the holidays are upon us and the gifts will start to fly, please remember this very important tax tip. When a gift is made, the Donee (recipient) assumes the cost basis of the Donor (giver). Consequently, if the Donor is gifting property that has appreciated...

Lease Negotitations

A client asked us to represent them in negotiating a lease for a retail establishment they were opening here in town. They requested that we look over the landlord drawn lease make sure that it accurately reflected the terms that the parties had discussed. In addition...

Deeds, Not Words

Here at Celli & Associates we try to live by those words. In honor of this Memorial Day, during the entire month of June, as a small measure of our appreciation for the courageous servicemen and women who fought for our country, we will be offering a complimentary...

Why Did You Open an Estate?

It happened TWICE recently. In an effort to save time and money, the beneficiaries of a deceased person’s assets opened an estate, when it was not required. As a result, lots of paperwork had to be filed and filing fees were needlessly incurred. Here are some examples...