by Christine | Jun 27, 2012 | Elder Abuse, Elder Law, Gift |
While clashes over who got what and how during someone's lifetime crop up in many will fights, the staggering size, two-decade timeframe and uncommon circumstances distinguish the dispute surrounding [Huguette] Clark's gifts. Are you planning your estate or...
by Christine | Jun 25, 2012 | Estate Planning, Marriage, Postnuptial Agreement, Prenuptial Agreement |
“Prenuptial agreements are increasingly becoming an important part of estate planning.”…“So should the recently engaged rush to sign a prenuptial agreement? Not necessarily.”… [and then again]… “Even if you exchanged rings long ago, there's still time to set the...
by Christine | Jun 22, 2012 | Asset Protection, Entity Structure, Partnership |
Charging Order Challenge Successful If a creditor’s remedy is restricted to a charging order, that means that the creditor cannot get at the assets of a partnership or LLC, right? Wrong. Most business owners seek to protect their personal assets from problems arising...
by Christine | Jun 21, 2012 | Charitable Giving, Taxes |
As the tax-code debate heats up this election season, one cherished break for taxpayers in upper brackets—the deduction for charitable contributions—is under fire. The bridge is out. As the current tax code barrels down the track there seems to be no one in the engine...
by Christine | Jun 20, 2012 | Charitable Giving, Real Estate |
A California entrepreneur got a harsh lesson on the rules of charitable contributions… when the U.S. Tax Court denied his $18.5 million deduction for real estate donations —not because he inflated their values, but because he didn't follow the rules. When it comes...
by Christine | Jun 19, 2012 | Estate Planning, High-Net-Worth, Inheritors |
The heads of ultra-high-net-worth families often have different views of how money should be bequeathed than those who will inherit it, according to a recent study. For every planner considering the inheritance to leave and the arrangements to make, there is also a...
by Christine | Jun 18, 2012 | Estate Planning, Farms, Succession Planning |
Farmers and ranchers are typically strapped for cash so when one of them dies leaving an estate large enough to be exposed to the federal estate tax the family can expect to have to sell something to cover the tax. That does not have to be the case. The estate tax has...
by Christine | Jun 15, 2012 | Asset Protection, Bankruptcy, Debtor/Creditor |
If property is absolutely and totally exempt from creditors, there is no way that creditors can get at that property, right? Wrong. In re Wilson illustrates how the misconduct of a debtor can allow a creditor to get at exempt assets. The law between creditors and...
by Christine | Jun 14, 2012 | Estate Planning |
Beneficial estate and gift tax provisions are set to expire at the end of this year. Here's what to expect. If you’ve been planning your estate, then you’re no stranger to the ominous feeling of waiting for Congress to act on the tax front. The clock is ticking....
by Christine | Jun 13, 2012 | Estate Planning, Gift, Stock |
If you want to give a high-school or college graduate a gift with a big financial impact, go beyond writing a check. Giving the gift of investing—with individual stocks, bonds or investment accounts and even some financial planning—will help a young adult get started...
