by Christine | May 14, 2013 | Estate Law, Estate Planning, Wills |
Nearly 2.5 million Americans died last year, many without signing a will. One of them was apparently Roman Blum, a Holocaust survivor and New York real estate developer who was worth almost $40 million when he passed away in January 2012 at the age of 97 … If, after...
by Christine | May 13, 2013 | Estate Law, Estate Planning, Marriage, Probate |
If a conflict of interest arises in fact between the spouses, their estate planning attorney should withdraw and advise the spouses to retain separate counsel. Having represented both of the spouses, the attorney may not thereafter represent one of them against...
by Christine | May 10, 2013 | Budget, Dynasty Trust, Estate Planning, GRATs, Intentionally Defective Grantor Trust (IDGT), Obama |
… The new budget proposal targets various estate planning tools utilized by taxpayers in an effort to limit tax loopholes and generate revenue In the midst of the budget battlefield, many estate planning attorneys are closing watching the President’s budget proposal....
by Christine | May 9, 2013 | Estate Planning, Obamacare, Taxes, Trusts |
So make sure the trustee is one of the officers of the company, which in a family business is pretty likely anyway, and you are all set right? Not so fast according to the IRS’ Associate Area Counsel who authored TAM 201317010. Trusts can accomplish...
by Christine | May 8, 2013 | Beneficiary Forms, Estate Planning, Estate Tax, LIfe Insurance, Trusts, Wills |
Consider the people who fill out forms designating who inherits assets like an insurance policy and then never go back and revise the forms when, for instance, they divorce and remarry. And then, there are the parents who have not determined who will serve as...
by Christine | May 6, 2013 | Digital Assets, Digital Estate Planning, Estate Planning |
Let's face it: Your e-mail account, Facebook page and online photo albums are likely to outlive you. Deciding how to manage your digital legacy just may be your trickiest estate-planning task. You may be well aware of your assets, but what about those “digital”...
