by Christine | Apr 3, 2013 | Art, Estate Law, Estate Planning, Illiquid Assets, Valuation, Valuation Discount |
Artwork can be really valuable. Thus, it is hardly surprising that artwork will be a contentious matter in estate tax cases. When it comes to estate planning, determining the value of artwork can be disputable and very difficult to pin down. However, in order to fit...
by Christine | Apr 2, 2013 | Asset Protection, Estate Planning, Marriage, Prenuptial Agreement, Trusts |
…In general, I highly recommend that couples negotiate the financial terms of their marriage and each partner’s role before saying their vows. If you keep up on celebrity gossip as it relates to those high-profile marriages and divorces, you often hear that six letter...
by Christine | Apr 1, 2013 | Elder Law, Estate Planning, Individual Retirement Accounts (IRA), Power of Attorney |
A POA is a legal document that is based on your state’s law that authorizes someone to act on your behalf. A Power of Attorney (POA) is an essential tool for your estate plans, and a mighty strong one at that. In effect, every adult should have one. Like most legal...
by Christine | Mar 29, 2013 | Estate Planning, Individual Retirement Accounts (IRA), Inheritance, Inherited IRAs |
Let's say that someone who is not your spouse recently died and named you as their IRA beneficiary. You now have what the IRS calls an “inherited IRA.” When you inherit money, once you receive it you can usually decide where it goes from there, such as a simple...
by Christine | Mar 28, 2013 | Estate Law, Estate Planning, Mediation, Wills |
…In general, the lasting anger and bitterness of litigation doesn't seem to occur when matters are settled by mediation. Inheritance battles are nothing new. We see several of them make their way into courtrooms far and wide, exposing the family “cat fight” for...
by Christine | Mar 25, 2013 | Estate Planning, Exit Strategy, Small Business, Succession Planning |
Most exit plans I’ve dealt with are some combination of these three basic techniques. And, the lines that differentiate them can be fuzzy. Owning and running a business is tough stuff, and at times you feel the weight of the world on your shoulders. But leaving your...
