by Christine | Jan 13, 2012 | Caregivers & Caregiving, Estate Planning |
Nobody knows what is going to happen to the $5,000,000 exemption after 2012. It would seem that anybody, with significant net worth, who has not already used it, should seriously consider a 2012 mega gift. A family limited partnership allows the exclusion...
by Christine | Jan 12, 2012 | Charitable Giving |
We have continued and adjusted our family giving rituals over the years, and I have learned a lot about how to do it right. Financial skill is far from an inherited ability: it is learned. So, too, with charity. The drive to give (and the know-how to do so well) is...
by Christine | Jan 11, 2012 | Elder Law, Estate Planning, Estate Tax |
“Most of the states are still in pretty poor shape, and if the economy doesn’t improve you might see more action by state legislatures seeking other sources of revenue,” says James Walschlager, an analyst with tax publisher CCH, a Wolters Kluwer business. Not all...
by Christine | Jan 10, 2012 | Elder Law, Estate Planning, Limited Conservatorships, Medi-Cal Long Term Care, Special Needs Trusts, Supplemental Security Income |
I just read a very interesting article in "The Voice" which is the newsletter of The Special Needs Alliance regarding using pooled trusts in estate planning written by a friend and fellow collegue, Stuart D. Zimring, an excellent...
by Christine | Jan 10, 2012 | Elder Law, Estate Planning, LIfe Insurance |
One billion dollars. That is the amount of money state regulators estimate is sitting on life insurers' books and owed as death benefits, some of it languishing there for decades. To make a broad but warranted generalization, life insurance companies generally...
by Christine | Jan 9, 2012 | Elder Law, Medi-Cal Long Term Care |
Along with the new beginnings that come along with a New Year, also come the new "numbers' for Long Term Care Medi-Cal Eligibility in California. Here is a brief outline regarding eligibility factors for ONLY the Medi-Cal Long Term Care Program....
by Christine | Jan 7, 2012 | Uncategorized |
The findings, the investigators pointed out, indicate that the key wealth creation vehicle is not the firm but the family Legacy companies – those incredible companies that have lasted for generations within a family, some 100 to 150 years, and continue to grow –...
by Christine | Jan 5, 2012 | Asset Protection, Estate Planning, Tax Planning |
The simple answers are usually painfully wrong, and the real art of asset protection is the exercise of considerable forethought as to how the structure will work under extreme duress, with creditors getting writs and orders so as to financially strangle the Debtor....
by Christine | Jan 5, 2012 | Asset Protection, Estate Planning, Tax Planning |
The simple answers are usually painfully wrong, and the real art of asset protection is the exercise of considerable forethought as to how the structure will work under extreme duress, with creditors getting writs and orders so as to financially strangle the Debtor....
by Christine | Jan 4, 2012 | Estate Planning, Estate Tax, Tax Planning |
A woman who dated her beau for 44 years and was on the verge of finally marrying him lost a case recently in New Jersey tax court that cost her beau’s estate $214,000 in state taxes. That’s money that would have otherwise gone to her and the man’s niece and nephew....
