by Christine | Feb 23, 2012 | Estate Planning, Individual Retirement Accounts (IRA), Inheritance, Inherited IRAs |
Inherited retirement accounts are truly one of those gifts that keep on giving because heirs can benefit for many years without much tax burden, but Congress is starting to talk about curtailing breaks on the accounts. For all the bills, budget proposals, and...
by Christine | Feb 23, 2012 | Estate Planning, Individual Retirement Accounts (IRA), Inheritance, Inherited IRAs |
Inherited retirement accounts are truly one of those gifts that keep on giving because heirs can benefit for many years without much tax burden, but Congress is starting to talk about curtailing breaks on the accounts. For all the bills, budget proposals, and...
by Christine | Feb 22, 2012 | Durable Power of Attorney For Finances, Estate Planning |
Couples who filed joint returns must now file separate powers of attorney. The IRS makes little changes all the time and while not all such changes are life threatening (or estate plan threatening, as is more likely) the devil is often in the details. In the...
by Christine | Feb 21, 2012 | Elder Law, Estate Planning, Pet Trust, Trusts |
The pet trust is a little-known legal option for the elderly and caregivers worried about what will happen to beloved animals following the deaths of their owners. The four-legged members of a household (or two-legged, or conceivable even eight, as the case may be)...
by Christine | Feb 20, 2012 | Estate Planning, Estate Tax, Generation Skipping Transfer Tax, Grantor Retained Trust |
Obama's budget proposal was recently released, and here are some of the proposed changes that involve estate planning. As you are likely to have heard, President Obama unveiled his budget proposal not too long ago and it packs a wallop. We are living an era of...
by Christine | Feb 17, 2012 | Asset Protection, LLCs |
This case illustrates the inherent dangers of the Single Member LLC — which is they are “an alter ego case waiting to happen”. LLCs or “Limited Liability Corporations” can be excellent vehicles to accomplish just what their names suggest – limiting liability....
by Christine | Feb 16, 2012 | Charitable Foundation, Charitable Giving, Charitable Trust, Estate Planning |
This Year's Most Generous Billionaire Philanthropist Has Been Dead Since 2006 It’s pretty impressive to top the Chronicle of Philanthropy’s list of America’s 50 most generous donors, but it just defies the imagination to make the list 5 years after passing away....
by Christine | Feb 15, 2012 | Elder Law, Medicare, Nursing Homes |
Some Medicare beneficiaries who visit the hospital are getting surprised by big bills because their stays weren't considered inpatient services. When an elderly person is ready for the nursing home, some families are entirely understanding, in agreement, and...
by Christine | Feb 14, 2012 | Divorce, Estate Planning, Trusts |
Not all trusts are created equal, especially when it comes to protection in a divorce. Trusts are like pocket knives, in a way. Even a fairly basic pocket knife can make your life immensely easier, especially in a pinch, but a particularly well built and expansive...
by Christine | Feb 13, 2012 | Business Succession Planning, Elder Law |
The Obama administration announced plans Tuesday for a two-year, $156 million cash infusion for Alzheimer’s research and care. The money will help solidify a still-developing national plan to better treat and even prevent the illness by 2025. With budget plans just...
