by Christine | Mar 28, 2012 | Estate Law, Estate Tax, Inheritance |
It’s official. The Indiana inheritance tax is repealed for deaths after Dec. 31, 2021. The Indiana inheritance tax is officially on its way out the door. What does this mean for other states? For some taxpayers, wealth transfer planning has required two layers of tax...
by Christine | Mar 27, 2012 | Elder Law, Tax Deductions, Tax Planning |
If you're helping out a financially stressed relative in this still-lousy economy, you may be entitled to some tax breaks. Taking care of your elderly loved ones is a difficult task. It can be emotionally difficult, as well as financially crippling. In honor of...
by Christine | Mar 26, 2012 | Elder Law, Estate Law, Estate Planning, Estates, Trust Administration |
Death and taxes. Benjamin Franklin aptly noted that these are the only two certainties in life. Mr. Franklin perhaps should have added a footnote regarding the paperwork both certainties generate. A New York Times blog (The New Old Age) recently published a “public...
by Christine | Mar 23, 2012 | Elder Law, Estate Planning, Medi-Cal Long Term Care, Medicaid |
A New York appeals court rules that a woman who, two years before applying for Medicaid, transferred money to a friend through joint tenancies in a claimed effort to avoid probate did not rebut the presumption that the transfers were made in order to qualify for...
by Christine | Mar 22, 2012 | Estate Tax, Gift Tax |
If you have not used up your unified credit yet there is a pretty compelling case for making a large gift in 2012. Lately, writing about estate law is a lot like writing commentary on a monster movie. This estate law “monster” should be known as the dreaded “Unknown...
by Christine | Mar 21, 2012 | Charitable Giving, Legacy |
Perhaps the most powerful and common reason why the rich give is the idea most commonly referred to as “legacy.” At some point in your life, there comes a moment when it becomes important – vital, in fact – to focus your energies on a cause and give to charity with...
by Christine | Mar 20, 2012 | Estate Law, Estate Planning, Trust Protector, Trustee, Trusts |
It used to be that you would write out your will, name some trustees and hope for the best for all of eternity. But, increasingly, folks aren't leaving it to luck. They're appointing a "trust protector," someone given broad power to reshape your...
by Christine | Mar 20, 2012 | Estate Law, Estate Planning, Trust Protector, Trustee, Trusts |
It used to be that you would write out your will, name some trustees and hope for the best for all of eternity. But, increasingly, folks aren't leaving it to luck. They're appointing a "trust protector," someone given broad power to reshape your...
by Christine | Mar 19, 2012 | Estate Planning, Inheritance, Trusts |
Wealthy parents today face an inevitable choice: leaving large sums of money to kids who aren’t good with money. Some people say that money is the root of all evil, but that’s not quite right since money can also be the product of much hard work, knowledge, and...
by Christine | Mar 19, 2012 | Estate Planning, Inheritance, Trusts |
Wealthy parents today face an inevitable choice: leaving large sums of money to kids who aren’t good with money. Some people say that money is the root of all evil, but that’s not quite right since money can also be the product of much hard work, knowledge, and...
