by Christine | May 4, 2012 | Dynasty Trust, Estate Planning, Generation Skipping Trust, Trusts |
Generation-skipping trusts, also known as dynasty trusts, are designed primarily to avoid estate taxes each time one generation transfers wealth to the next generation. For a number of reasons, the government seems to think that family wealth ought to pass from one...
by Christine | May 3, 2012 | Estate Planning, Small Business, Succession Planning |
Just because two business partners get along well doesn’t mean the next generation will do so too. When succession planning is done in advance, restrictions — or at the very least, mechanisms to dictate how decisions will be made and what procedures are to be used in...
by Christine | May 2, 2012 | Charitable Giving, Elder Law, Estate Planning, Individual Retirement Accounts (IRA), Required Minimum Distribution (RMD) |
Congress hasn't reauthorized the law allowing people to give required minimum distributions from IRAs tax-free to charity but may by the end of the year. Are you taking Required Minimum Distributions (RMD) from your IRA? Perhaps you would rather contribute your...
by Christine | May 1, 2012 | Estate Planning, Wills |
The bottom line is if you love and cherish your family, you MUST take the time to write your will. It ensures your assets are given to your family or other beneficiaries based on your wishes. Writing your Last Will and Testament is the most basic act of estate...
by Christine | Apr 30, 2012 | Elder Law, Estate Planning |
Have you ever tried to talk to your aging parent about finances and been told to take a hike? “Just mind your own business. I’ll be fine”. Taking care of an elderly loved one can be difficult, especially when they are nervous about meeting of their own future needs....
by Christine | Apr 24, 2012 | Alzheimer's, Dementia, Elder Law, Estate Planning, Wills |
Advancements in medical science and care may enable us to live fuller, longer lives. The flip side is that more of us, like Mike Wallace, are likely to suffer from a diminished mental state–a harsh reality that’s difficult to accept. It has been an unfortunate past...
