by Christine | Mar 14, 2012 | Estate Planning, Facebook, GRATs |
Mark Zuckerberg and Dustin Moskovitz, the co-founders of Facebook and two of the world’s youngest billionaires, may seem too young to be thinking about estate planning. But in 2008, when they were both 24, they used an estate planning tool that is more familiar to...
by Christine | Mar 13, 2012 | Durable Power of Attorney For Finances, Estate Planning, Living Will |
There are many do-it-yourself power of attorney forms available; however, it is a good idea to have an attorney draft the form for you. There are many issues to consider and one size does not fit all. The internet has become an unprecedented tool for legal research...
by Christine | Mar 12, 2012 | Estate Planning, Estates, Wills |
Proper estate planning can address many of the legal issues created by posthumous conception. As to the rest, we can understand if the law of property succession has to put some limitations on how late the stork can get started. When science moves too fast for the law...
by Christine | Mar 9, 2012 | Depreciated Assets, Estate Planning, GRATs, Intentionally Defective Grantor Trust (IDGT), Trusts |
IDGTs and GRATs (along with many other income, gift and estate planning strategies) came under attack in the Obama Administration’s Fiscal Year 2013 Revenue Proposals (the “Green Book”) which, if enacted into law, could essentially eliminate the use of IDGTs and...
by Christine | Mar 8, 2012 | Business Ownership, Business Structure, Business Succession Planning, Estate Planning, Small Business |
In the early days of starting a business, you might be tempted to gloss over ownership structure, equity stakes, and other seemingly boring details. After all, you might think, as long as you keep taxes low, paperwork uncomplicated, and partners motivated, better to...
by Christine | Mar 7, 2012 | Civil Service Employees, Special Needs Children |
Here is a great article from The Voice on benefits available for special needs children of civil service employess. The Voice is the e-mail newsletter of The Special Needs Alliance. This installment was written by Sandra Smith who is a law partner with Andrew...
by Christine | Mar 7, 2012 | Bequest, Foreign Income, Gift |
What about foreign inheritances? These rules aren’t so well publicized. As a result, you might be in a quandary what to do. There has been a recent spate of news regarding foreign accounts and foreign taxation, even in expatriation and becoming a foreigner. However,...
by Christine | Mar 6, 2012 | Estates, Trusts, Wills |
The dying wish of William Payne, one of the state's earliest settlers, created the nation's oldest charitable trust and eventually led tenants to build 167 cottages — most of them used by summer vacationers — on the land he left for the seaside city of...
by Christine | Mar 5, 2012 | Estate Planning, Trusts, Wealth Transfer |
Despite the bitter economic downturn, one part of the American dream is alive and well: the possibility of sudden wealth… Yet such life-changing windfalls can just as quickly vanish, say advisers who work with those who suddenly become wealthy. If you are setting up...
by Christine | Mar 2, 2012 | Asset Protection |
The IRS has significantly lowered the bar for innocent spouse relief. The rules of the game have changed. A spouse who was denied relief under the old rules should consider applying for innocent spouse relief under Notice 2012-8, provided the ten-year collection...
