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...
by Christine | Feb 10, 2012 | Asset Protection |
So we all know a succession plan is needed. But having the wrong plan can be just as disastrous. It’s said that a little knowledge can be a dangerous thing (“drink deep, or taste not the Pierian spring”). However, what is less often said, yet is ultimately just as...
by Christine | Feb 9, 2012 | Estate Planning, Estate Tax |
The fate of the federal estate tax likely lies in the results of the next election. Here are the most probable scenarios. If you’ve been following the political saga of the estate tax over the past few years then you know it’s coming to a head… again. In fact, the...
by Christine | Feb 8, 2012 | Estate Planning, Same Sex Couples |
Same-sex couples who might be thinking of getting married [following suit with Rep. Barney Frank] should understand something that needs no explaining to Frank, co-author of the Dodd-Frank Bill to regulate the banking industry: that whether marriage will be a...
by Christine | Feb 7, 2012 | Estate Planning |
More than half a million cryopreserved embryos are now in storage somewhere in the United States. An unknown but far greater number of sperm donors have also made deposits that could be used for an expanding array of assisted reproductive technologies (ART). Putting...
