by Christine | Aug 22, 2012 | Copyright, Estate Planning, Publicity Rights, Wills |
Beastie Boy Adam “MCA” Yauch, who died on May 4 of cancer, left instructions that his music couldn’t be used in advertising. But this wording in his will, which he added by hand, may not even be valid. If his heirs try to honor it or enforce it, they could get stuck...
by Christine | Aug 21, 2012 | Estate Planning, Trusts |
Spousal Lifetime Access Trusts (SLATs) allow you and your spouse to use your full remaining gift tax exemptions while retaining access to the gifted property in the event you need it. The more complex your goals, the more crucial the timing. This is especially true if...
by Christine | Aug 16, 2012 | Estate Law, Estate Planning |
To help implement your wishes, trusts and estate lawyers need to ask very tough questions. Some of them might make you squirm. Have you made (or updated) your estate plan? What questions about your estate planning (or lack thereof) are most likely to make you squirm?...
by Christine | Aug 15, 2012 | Alzheimer's, Appraisal, Charitable Giving, Estate Planning, Gift, Gift Tax |
"We're sort of in a perfect storm right now because the gift tax exemption is higher than it's ever been, and the value of businesses are at an all-time low, which makes it a perfect time to gift them," says Karen Goldberg, president of the Estate...
by Christine | Aug 13, 2012 | Estate Planning, Special Needs Children, Special Needs Trusts, Trusts |
Having a long-term financial plan in place is crucial for parents of special-needs children. It will help parents juggle saving for the child's care as well as for college for other children and their own retirement. It also will help guarantee that the care—and...
by Christine | Aug 8, 2012 | Estate Planning, Small Business, Taxes |
Last week a colleague and I were discussing a C Corporation with nearly three-quarters of a million dollars in retained earnings, with owners who want to get the money out. The owners wondered about any “fancy tax ideas.” My colleague immediately stated, “Yeah;...
