by Christine | May 6, 2014 | Estate Planning, Inheritance, Real Estate |
Perhaps the more important detail of this story is that the home was sold in an estate sale by heirs who appear to have let the property go for considerably less than market value. Inherited property brings with it certain important responsibilities, and that goes...
by Christine | May 5, 2014 | Estate Law, Individual Retirement Accounts (IRA), Inherited IRAs, Trustee, Trusts |
Worried about your adult children blowing through their inheritance? Two strategies can help holders of individual retirement accounts curb an heir’s impulse to “cash out.” You may have many assets to leave behind for your heirs. However, an IRA is unique enough to be...
by Christine | May 5, 2014 | Estate Law, Estate Planning |
One of the key advantages of a portability-based estate plan over a credit shelter trust-based estate plan is that portability allows the married couple to obtain a second step up in basis upon the death of the second spouse. With the new ability to minimize estate...
by Christine | May 2, 2014 | Charitable Giving, Family Foundation |
… Large-scale strategic philanthropists are forcing family foundations of all sizes "to re-examine whether they're approaching their giving in a way that's likely to have the biggest impact." And, sometimes, as Pierce has found, a bigger impact...
by Christine | May 1, 2014 | Estate Planning |
“I had this fear that wealth could dissolve the family and the business would disintegrate,” Mr. Wiener, 68, said. So he hired coaches and consultants, had family meetings and set up a family foundation — all with the goal of keeping his family together after he died....
