Lawyer takes child-support practice on the road




















Her clients know her as “the child support lady with the cool truck.”

Chantale Suttle thinks that’s a pretty good description of her and her months-old business, DADvocacy.

For almost 20 years, she’s dealt with child support issues. In law school at the University of Miami, she interned in the child support office, and she went on to handle child support issues as a prosecutor, defense attorney and magistrate judge.





These days, she helps dads navigate the child support system from her mobile office: a bulletproof truck, wrapped with a photo of a man’s muscular, crossed arms, complete with a soundproof consultation room, sports magazines, sodas — and free diapers.

“We do not want to be fancy, golf-playing, mahogany-office kind of lawyers. I’m just a lady you come talk to about child support,” said 42-year old Suttle.

And for teen dads, she does it for free.

“I feel that’s when I can help them the most, and I feel that’s where being part of the child support system can be the most damaging to his future because of the credit bureau reporting,” Suttle said.

Older dads can get help for a flat fee.

Suttle drives the converted 22-passenger van herself. When it’s not parked outside of the child support courthouse at in Downtown Miami, Suttle motors throughout the county to speak at community events.

On a recent evening, the DADvocacy van was parked outside of the Girl Power community center, on Seventh Avenue just off I-95 in Miami. There, Fatherz in the Hood — an organization that provides training and resources for dads — organized an information session for parents frustrated with the child support system.

Suttle stood in front of a semi-circle of seated dads, both young and old, and schooled them about the child support system so that they, hopefully, would not have to see her for services.

Florida’s child support court is different from family court, where parents sort out divorce and domestic violence issues, she explained. Child support court deals only with issues related to collecting child support, which goes often goes directly to the state for social programs — not the mother.

Child support is based on “time-sharing” between parents, and fathers who spend more time with their kids may pay less child support.

“This system is supposed to reward good dads who spend time with their kids,” she told the Fatherz in the Hood group. “On this, we are light-years away from any other state.”

The dads at Fatherz in the Hood chuckled when, using an online calculator, Suttle showed them a huge drop in the amount of child support a dad would have to pay just by spending more overnight time with his kids. In one scenario, the mother actually ended up owing the father child support.

“Any of you know moms paying child support?” an amazed participant asked.

The dads shook their heads, “No.”

Another eye-opening bit of information that Suttle shares with all of her clients — whether they hire her or not — is how to use the Miami-Dade Clerk of Courts online filing system to check on their own cases’ status and any upcoming hearings. Her truck has a hotspot with internet access to check this information on the road, and she also checks to make sure she doesn’t have a conflict in the case — such as having ruled on any issues involving the mother while she served in her other legal roles.





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Gov. Scott working on syllabus for Florida colleges: Less expensive and more practical




















Gov. Rick Scott went to college with one goal: make money.

He didn’t join a fraternity or become active in student government. He took only the classes he needed for his degree and not a credit more.

Married when he attended community college, he paid for a bachelor’s degree at the University of Missouri-Kansas City with help from the G.I. Bill. And he worked full time in a donut shop he purchased with a friend.





The boy who grew up wanting to be rich knew from the start he wanted to become an attorney.

For Scott, college was a means to an end. Now he wants Florida colleges and universities to have the same razor-sharp focus — rein in tuition costs and create cheaper degrees that can get graduates jobs.

It’s an approach to higher education that has put Scott at odds with educators who argue dollars and cents aren’t the only factors determining the worth of a degree.

But Scott is convinced his ideas are best for the bottom lines of both the state and students.

And he’s got his personal history to prove it.

Cost is cornerstone

As a kid, Scott’s family didn’t have much. He vowed to become an adult who didn’t have to worry about money.

Becoming a lawyer, however, meant earning degrees his family could not afford. So he figured out a way to pay for it himself.

“I think junior college cost $200 a semester and the university cost $255 a semester. ... I could work 40 hours a week and be able to pay for my school,” said Scott, 60.

He spent a couple of years in the Navy as a radar technician, using his spare time to pass correspondence courses that earned credit toward an associate’s degree. That military experience made him eligible for financial aid through the G.I. Bill.

He returned home and attended the University of Missouri-Kansas City to earn a bachelor’s degree in 1975. But he also worked full time running a donut shop and set aside money that, along with his federal financial aid, paid for a law degree from Southern Methodist University in Dallas.

As governor, cost is now the cornerstone of Scott’s higher education policy. He worries that tuition increases are putting college out of reach for working-class families like his.

“My wife and I put ourselves through college. We would not have been able to do it with tuition as high as it is today,” Scott said in a recent weekly radio address. “We must make our colleges more affordable for Florida families.”

He called on universities to halt tuition increases and vetoed a bill last year that would have allowed top-tier schools like the University of Florida and Florida State University to charge whatever they wanted in tuition.

More recently, state colleges have lined up to meet Scott’s challenge to create bachelor’s programs that cost $10,000 or less.

Universities have told Scott they are willing to hold the line on tuition, but only if the state agrees to contribute additional funding.

“I actually believe what Gov. Scott is saying about keeping tuition low is great,” said FSU President Eric Barron. “But that means then that the state has to fund the universities if we’re going to maintain the quality that the citizens in the state of Florida deserve.”

Pushing ‘practical’ degrees

But it’s not just the cost of degrees.





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Without an ‘iTV,’ Apple’s growth could shrink to the single digits by 2015






Another analyst believes that Apple is losing its shine. Toni Sacconaghi of Bernstein Research on Thursday trimmed his price target for the company, citing concerns that growth may be slowing. The analyst believes that iPhone sales will remain strong for at least the next two years, however Apple (AAPL) is expected to lose overall market share “if it does not bring out a lower-price device” in the wake of a changing industry. Sacconaghi notes that the iPad should continue to see success in a tablet market that is “a rocket…an absolute juggernaut,” with tablet PC shipments estimated to more than triple over the next five years. It is believed, however, that Apple will likely become a single digit growth company by 2015, unless it releases a new major product such as an HDTV.


[More from BGR: RIM’s biggest problem: It’s still scrambling to catch yesterday’s hottest mobile app]






“That said, it will have a pristine balance sheet, and be generating a mind-boggling $ 49 billion in free cash flow a year after paying its current dividend,” Sacconaghi wrote in a note to investors, according to Forbes. “More importantly, we believe that Apple’s innovation offers significant option value, which is not in our forecast. Three years ago, the iPad did not exist. Today it generates $ 32 billon in annual revenues, and as a standalone business would be the 11th biggest U.S. tech company. Potential ‘options’ for Apple investors include a lower-end iPhone, a television ‘solution,’ a larger iPad or converged device and monetizing advertising, e-commerce and search from its iOS platform (and credit card database) of 435 million users.”


[More from BGR: WhatsApp goes free for iPhone for a limited time]


The analyst kept his Outperform rating on shares of Apple, although he trimmed his price target from $ 800 to $ 750 and lowered his 2013 fiscal year EPS forecast to $ 49.41 per share, from $ 50.57.


This article was originally published by BGR


Gadgets News Headlines – Yahoo! News





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Buzzmakers: New X Factor and Miss Universe Winners

What had ET readers buzzing this week?

1. 'The X Factor' Crowns A Winner!

And the $5 million recording contract goes to…

Tate Stevens! The 37-year-old country crooner beat out runner-up 13-year-old Carly Rose Sonenclar for the top prize Thursday night. 35 million votes were cast Wednesday to determine victory for L.A. Reid's mentee.

Near tears, the Raymore, Missouri native thanked his fans for their overwhelming support.

"This is the best day of my life," said an emotional Stevens.

Girl group Fifth Harmony, mentored by Simon Cowell, placed third in the competition. Earlier in the night, the holiday themed finale saw performances by One Direction and Pitbull.

Auditions for an all-new season of The X Factor USA have already begun online. In-person auditions will start on March 6, 2013 in Los Angeles.

The celebrity judging panel has yet to be announced, but L.A. Reid has already taken himself out of the running. Spears has expressed interest in returning to the show for season three, but nothing has been confirmed.

2. Miss Universe 2012 Crowned

Beauties from 89 countries strutted their stuff Wednesday night in pursuit of the Miss Universe crown, but only one woman would earn the coveted title.

In the end a panel of ten celebrity judges, including Cee Lo Green and U.S. Olympic gold medalist Kerri Walsh Jennings, appointed Miss USA Olivia Culpo the winner.

The 20-year-old Rhode Island native beat out Miss Brazil (Gabriela Markus) Miss Philippines (Janine Tugonon), Miss Mexico (Irene Sofía Esser Quintero), and Miss Australia (Renae Ayris) for the distinction.

Culpo follows in the footsteps of Miss Angola, Leila Lopes, who earned the crown in 2011.

The two-hour show was broadcast live from Las Vegas with musical acts One Direction and Train lending their talents to the annual extravaganza.

3. Exclusive: Arsenio on His Late Night TV Return

Break out the Woof! Woof! fist pump: Arsenio Hall is coming back to late night TV in the Fall of 2013 after a 17-year break from the game, and only ET is behind the scenes with the timeless talk show host as he shoots his first-ever promo for The Arsenio Hall Show!

"[This is] the first time America will see anything on television about the show," says Arsenio. "Instead of a commercial where I do something like say, 'I'm baaaaack' -- and everybody's, 'Ugh' -- they've come up with a real, unique, creative angle that -- actually, I looked at dailies, and it scared me. I looked at the dailies and I frightened myself."

The trailer-length promo from CBS Television Distribution pays homage to horror movies and begins airing today on all Arsenio Hall Show affiliate stations, kicking off the campaign for the new late night syndicated talk show that will be seen all across the country next year.

"I'm real excited about this; so many things have changed in pop culture since I left the air," says Arsenio about his return to late night. "I can't wait."

The Arsenio Hall Show premieres on 9/9/13. Look for much more with Arsenio between now and then, only on ET!

4. Claire Danes Gives Birth

It's a boy!

Homeland star Claire Danes and her husband Hugh Dancy welcomed their very first child together on Monday, December 17, her rep confirms to People Magazine.

The proud parents named their bouncing baby boy Cyrus Michael Christopher Dancy.

Danes, 33, wed Dancy, 37, in 2009 after two years of dating.

5. President Obama is Time's Person of the Year

For 2012, Time Magazine has selected President Barack Obama as their Person of the Year.

"For finding and forging a new majority, for turning weakness into opportunity and for seeking, amid great adversity, to create a more perfect union, Barack Obama is Time's 2012 Person of the Year," Time's Managing Editor Richzard Stengel explained.

He also cited both of the president's re-elections, snagging over 50 percent of the popular vote, as one reason he received this honor.

This is the second year Time has tapped Obama as their Person of the Year -- he previously was selected in 2008 for becoming the first black president of the United States.

Time previously named the eight finalists for 2012's Person of the Year. They included: Bill and Hillary Clinton, Apple CEO Tim Cook, Malala Yousafzai (the Pakistani girl who was shot by the Taliban for her crusade for better girls' education), Yahoo! CEO Marissa Mayer, Egyptian president Mohamed Morsi and the three scientists who discovered the Higgs Boson particle.

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Former SC Gov. Mark Sanford eyes House bid








COLUMBIA, SC — Former South Carolina Gov. Mark Sanford, who left public life two years ago after mysteriously disappearing to visit his then-mistress in Argentina, is poised to re-enter the political arena.

Acknowledging reports that he is seriously weighing a congressional bid for the seat he once held, Sanford wrote in an email to The Associated Press late Saturday: "To answer your question, yes the accounts are accurate." Sanford promised "further conversation on all this" later.

The two-term governor was a rising Republican political star before he vanished from South Carolina for five days in 2009. Reporters were told he was hiking the Appalachian Trail, but he later tearfully acknowledged he was visiting Maria Belen Chapur, which he told everyone at news conference announcing his affair. He later called her his soul mate in an interview with AP and the two were engaged earlier this year.





AP



Former South Carolina Gov. Mark Sanford in January





The opening for Sanford comes after Rep. Tim Scott was appointed to fill the remaining two years of Sen. Jim DeMint's seat. DeMint announced earlier this month he was resigning.

News that Sanford, 52, may be interested in the seat comes days after his ex-wife, Jenny, appeared to be dipping her toe into the state's political waters.

She was reportedly on Gov. Nikki Haley's short list of candidates to fill the seat that went to Scott. Jenny Sanford later said she would think about a run for Scott's seat representing the coastal 1st Congressional District, the seat her ex-husband is now considering.

"I'd be crazy not to look at the race a little bit," she said Tuesday, before reports about Mark Sanford surfaced.

State Republicans said Scott plans to submit his letter of resignation from the House on Jan. 2, triggering a process of candidate filing and primaries leading up to a special election in May.

Scott, in a taped interview airing Sunday on CBS' "Face the Nation," said he thinks there may be 25 or 30 candidates running for the seat.

"This is going to be a very active primary," he told Bob Schieffer when asked about Sanford's run. "The citizens of the 1st District will have an opportunity to have their voice heard through the vote and then two weeks later there will obviously be a runoff because with that many candidates we'll have a lot to say grace over."

Mark Sanford knows the 1st District well. Elected to the seat in 1994 — Jenny Sanford managed his first campaign and was a close adviser for most of his career — he served three terms before voters elected him governor in 2002.










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Time’s up for holiday shopping procrastinators




















Last minute shoppers like Josette Tyne are in luck this year.

With a long weekend before Christmas, retailers want to make it easier for procrastinators to finish their gift buying. Macy’s for the first time is keeping all its stores open around the clock from Friday until Sunday at midnight. Toys “R” Us and Walmart Supercenters will be open non-stop until Christmas Eve.

Even those retailers skipping the all nighter still have added extended hours often as late as 11 pm or midnight. Coupled with a flurry of last minute promotions, they hope to lure shoppers, many of whom have been largely sitting on the sidelines since Black Friday.





Tyne, 33, just starting her shopping this week at Aventura Mall, armed with a list of about two dozen people and the presents they wanted. The list would have been longer if the Fort Lauderdale resident hadn’t limited it to the kids in her family.

“I’ll probably be shopping every day from now till Sunday,” said Tyne, as she wheeled the youngest of her three boys around H&M in a stroller before heading on to Game Stop, Urban Outfitters and BCBG. “Whatever catches my eye. Luckily the kids usually like everything I get. I’m the awesome Auntie.”

A Consumer Reports Poll released earlier this week found that with just five shopping days left until Christmas, a whopping 68 percent of shoppers — a projected 132 million Americans — have yet to finish their holiday shopping.

With an early Thanksgiving leaving an extra week until Christmas and a long weekend before Tuesday’s holiday, shoppers have felt little need to rush. They also haven’t found December deals to be quite as compelling as the November sales.

Based on disappointing sales trends earlier this month, ShopperTrak said Wednesday it was cutting its holiday sales forecast. The company, which counts foot traffic and its own proprietary sales numbers from 40,000 retail outlets across the country, now expects a 2.5 percent sales increase to $257.7 billion, down from the 3.3 percent growth it initially predicted. The National Retail Federation is sticking with its prediction of a 4.1 percent sales increase.

Online sales trends are more encouraging, up 13 percent to $35 billion from Nov. 1 through Dec. 16, according to comScore, an online research firm. But that pace is below the forecast of 17 percent for the season.

“It’s coming down to the wire,” said David Bassuk, managing director and co-head of the retail practice at AlixPartners, a global consulting firm. “It’s going to require retailers to be more aggressive with their promotions than they were hoping heading into the weekend.”

While the economy is certainly in a better position than it was during the recession, many consumers still feel uneasy this year about their financial future. Some are worried about the U.S. job market and others fear the stalemate between Congress and the White House over federal “fiscal cliff’’ that could lead to tax increases and less disposable income for shoppers.

That was the case for Latonya Jones, on the hunt for bargains at Aventura Mall, coupon-loaded iPad in hand.

“I wasn’t going to buy anything this year, because I wanted to save money,” said Jones, 39, of Miami Gardens, who was shopping with her daughter Richelle, 12, this week in Macy’s. “But then I changed my mind.”





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On Saturday, Bay of Pigs invasion veterans mark 50 years since their release




















In the days before Christmas 50 years ago this weekend, 1,113 Bay of Pigs fighters captured by Fidel Castro’s forces and imprisoned for 20 months were finally released to a heroes’ welcome in Miami.

The first planeload of POWs arrived at Homestead Air Force Base on Dec. 23, 1962. Gaunt and betrayed by the John F. Kennedy administration, members of the proud Brigade 2506 were bused to Miami’s Dinner Key Auditorium, where waiting relatives engulfed them with hugs at a massive reunion that made front-page news. Five days later, JFK and his wife Jackie would be at the Orange Bowl to welcome them, too.

On Saturday, the 50th anniversary of those pivotal days will be observed as surviving brigade members — now in their 70s and 80s — hold a and 11 a.m. Mass and reunion at the Bay of Pigs Museum in Little Havana.





The release of the men was the one bright spot in the disastrous April 1961 CIA-backed invasion to overthrow the two-year old Castro government. Yet the fighters’ return also sent the somber message that exiles would not reclaim Cuba. The Cuban Missile Crisis that October had set the course of U.S.-Cuba relations until today.

Back then, it was sinking in: The Cuban exile community was in Miami to stay.

A defeated Jose Andreu, now 76, the first brigade member to sign up for the invasion, was among those who arrived home that bittersweet day.

“My wife to-be was there to meet me, along with my sister and my father,” Andreu said. “I remember a lot of hugging and crying.”

Among the young people waiting at the auditorium that day in 1962 was a teen-aged Ninoska Perez Castellon, there with her family to welcome her brothers and uncle, all brigade members.

“I remember being in that packed auditorium ... I can truly say as a child I viewed those men as my first heroes. I still do,” said Perez-Castellon, who grew up to become one of Miami’s most influential radio personalities.

Perez and her family still have black-and-white snapshots of the joyful reunion, showing her late grandmother proudly hugging her son.

The behind-the-scenes negotiations that finally led to the release of the brigadistas 50 years ago this week were the stuff of Hollywood movies. They involved months of haggling with Castro by everyone from a former first lady to a high-profile diplomatic negotiator who led the group that finally succeeded — a group of the prisoners’ mothers, wives and fathers who made up the Cuban Families Committee.

Their effort resulted in a now-forgotten 7,857 exodus of Cuban refugees, many relatives of the brigadistas, who arrived in cargo ships at Port Everglades in Fort Lauderdale from December 1962 to July 1963.

Two women in the committee played key roles — one in Cuba, motivated by a mother’s love; the other in Miami, seeking to free her husband.

Havana socialite, Berta Barreto, whose oldest son, Alberto Oms Barreto, had been captured during the invasion, made the initial contact with Castro and promised that the ransom he had set for the men would be paid. Years later, her second son, Pablo Perez-Cisneros Barreto, wrote the definitive book on the negotiations called After the Bay of Pigs, soon to be published in Spanish. “What my mother and the others managed to do, with no experience in high-level negotiating, was extraordinary,” Perez-Cisneros Barreto said.





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Buzzmakers: New X Factor and Miss Universe Winners

What had ET readers buzzing this week?

1. 'The X Factor' Crowns A Winner!

And the $5 million recording contract goes to…

Tate Stevens! The 37-year-old country crooner beat out runner-up 13-year-old Carly Rose Sonenclar for the top prize Thursday night. 35 million votes were cast Wednesday to determine victory for L.A. Reid's mentee.

Near tears, the Raymore, Missouri native thanked his fans for their overwhelming support.

"This is the best day of my life," said an emotional Stevens.

Girl group Fifth Harmony, mentored by Simon Cowell, placed third in the competition. Earlier in the night, the holiday themed finale saw performances by One Direction and Pitbull.

Auditions for an all-new season of The X Factor USA have already begun online. In-person auditions will start on March 6, 2013 in Los Angeles.

The celebrity judging panel has yet to be announced, but L.A. Reid has already taken himself out of the running. Spears has expressed interest in returning to the show for season three, but nothing has been confirmed.

2. Miss Universe 2012 Crowned

Beauties from 89 countries strutted their stuff Wednesday night in pursuit of the Miss Universe crown, but only one woman would earn the coveted title.

In the end a panel of ten celebrity judges, including Cee Lo Green and U.S. Olympic gold medalist Kerri Walsh Jennings, appointed Miss USA Olivia Culpo the winner.

The 20-year-old Rhode Island native beat out Miss Brazil (Gabriela Markus) Miss Philippines (Janine Tugonon), Miss Mexico (Irene Sofía Esser Quintero), and Miss Australia (Renae Ayris) for the distinction.

Culpo follows in the footsteps of Miss Angola, Leila Lopes, who earned the crown in 2011.

The two-hour show was broadcast live from Las Vegas with musical acts One Direction and Train lending their talents to the annual extravaganza.

3. Exclusive: Arsenio on His Late Night TV Return

Break out the Woof! Woof! fist pump: Arsenio Hall is coming back to late night TV in the Fall of 2013 after a 17-year break from the game, and only ET is behind the scenes with the timeless talk show host as he shoots his first-ever promo for The Arsenio Hall Show!

"[This is] the first time America will see anything on television about the show," says Arsenio. "Instead of a commercial where I do something like say, 'I'm baaaaack' -- and everybody's, 'Ugh' -- they've come up with a real, unique, creative angle that -- actually, I looked at dailies, and it scared me. I looked at the dailies and I frightened myself."

The trailer-length promo from CBS Television Distribution pays homage to horror movies and begins airing today on all Arsenio Hall Show affiliate stations, kicking off the campaign for the new late night syndicated talk show that will be seen all across the country next year.

"I'm real excited about this; so many things have changed in pop culture since I left the air," says Arsenio about his return to late night. "I can't wait."

The Arsenio Hall Show premieres on 9/9/13. Look for much more with Arsenio between now and then, only on ET!

4. Claire Danes Gives Birth

It's a boy!

Homeland star Claire Danes and her husband Hugh Dancy welcomed their very first child together on Monday, December 17, her rep confirms to People Magazine.

The proud parents named their bouncing baby boy Cyrus Michael Christopher Dancy.

Danes, 33, wed Dancy, 37, in 2009 after two years of dating.

5. President Obama is Time's Person of the Year

For 2012, Time Magazine has selected President Barack Obama as their Person of the Year.

"For finding and forging a new majority, for turning weakness into opportunity and for seeking, amid great adversity, to create a more perfect union, Barack Obama is Time's 2012 Person of the Year," Time's Managing Editor Richzard Stengel explained.

He also cited both of the president's re-elections, snagging over 50 percent of the popular vote, as one reason he received this honor.

This is the second year Time has tapped Obama as their Person of the Year -- he previously was selected in 2008 for becoming the first black president of the United States.

Time previously named the eight finalists for 2012's Person of the Year. They included: Bill and Hillary Clinton, Apple CEO Tim Cook, Malala Yousafzai (the Pakistani girl who was shot by the Taliban for her crusade for better girls' education), Yahoo! CEO Marissa Mayer, Egyptian president Mohamed Morsi and the three scientists who discovered the Higgs Boson particle.

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Funerals for three more kids killed in Newtown massacre set for today








NEWTOWN, Conn. — The funerals for the victims of a Connecticut elementary school shooting are wrapping up after a wrenching week of farewells in Newtown.

Services are scheduled Saturday in Connecticut for 7-year-old Josephine Gay and 6-year-old Ana Marquez-Greene. A service is also planned in Utah for 6-year-old Emilie Parker.

Twenty children and six adults were killed at Sandy Hook Elementary School on Dec. 14. The lone gunman also killed his mother before going on the rampage and then committing suicide.

A spokeswoman for the Connecticut Funeral Directors Association says the last funerals it knows of are taking place on Saturday, although some of the burials are private.











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Investors shuffling assets ahead of fiscal cliff




















Some citizens aren’t waiting to find out if the White House and Republicans in Congress will be able to reach a last-minute deal to pull the country away from the “fiscal cliff.”

They are selling securities while capital gains tax rates are still low or transferring millions into trusts for the benefit of children and grandchildren before estate tax laws become more stringent. Others are getting out of the markets and parking money in less risky accounts.

Miami financial planner Cathy Pareta has been counseling her upper middle class clients — “the Johnsons, not the Rockefellers” — on whether to adjust investment portfolios, accelerate income or realize capital gains sooner than planned.





“Some people are going to get hit hard,” said John Bacci, a financial planner in Linthicum, Md., who has gone down his client list and run projections on what higher taxes would look like for them. He’s looking at tax-friendly alternatives for some clients, such as annuities or rental property.

At year’s end, the country will leap off the “fiscal cliff” unless politicians reach a compromise on mandated spending cuts and the expiration of the Bush-era tax cuts.

For most investors, the expiring cuts will mean that the tax rate for long-term capital gains will rise from 15 percent to 20 percent. Dividends also will no longer be taxed at 15 percent but treated as ordinary income, which could mean a tax rate as high as 39.6 percent. And individuals with multimillion-dollar estates will find much more of their money subject to the federal estate tax.

Estate planning lawyers say the demand is so intense that they are putting in grueling hours to set up trusts.

“It’s very stressful. We are working day and night,” said Diana Zeydel, an estate planning lawyer with Greenberg Traurig in Miami. “Were doing three times what we normally do for end-of-the-year planning.”

Zeydel said many of her clients waited until after the elections in November to gauge how the political tide would affect their future finances. This gave them little more than a month to make major decisions about their wealth.

Most observing the political jousting in Washington expect taxes will go up even if the political leaders reach a deal — they’re just not sure how much. Many aren’t taking any chances.

Jim Ludwick, a financial planner in Odenton, Md., said one client in his late 50s cashed out stock and bond funds totaling $1.7 million not long after the election and stashed the proceeds in a money market fund.

The client, anticipating a market plunge due to the “fiscal cliff” and other issues, said he spent his entire working life building up a nest egg and wouldn’t have time to wait for his portfolio to recover, according to Ludwick. The client fears it won’t be safe to re-enter the stock market for another year.

“We have a number of clients who are taking capital gains this year, expecting that if they wait until next year, they will have to pay higher taxes on those same gains,” said Daniel McHugh, president of Lombard Securities in Baltimore. Some of those clients are realizing six-figure gains but are still willing to take the tax hit now, he said.

Of course, the downside is that the stock market could take off, and these investors will miss out on even higher gains, McHugh said. But, he added: “Given the state the economy is in, that’s a very small risk.”





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