by Christine | Mar 9, 2012 | Depreciated Assets, Estate Planning, GRATs, Intentionally Defective Grantor Trust (IDGT), Trusts |
IDGTs and GRATs (along with many other income, gift and estate planning strategies) came under attack in the Obama Administration’s Fiscal Year 2013 Revenue Proposals (the “Green Book”) which, if enacted into law, could essentially eliminate the use of IDGTs and...
by Christine | Mar 6, 2012 | Estates, Trusts, Wills |
The dying wish of William Payne, one of the state's earliest settlers, created the nation's oldest charitable trust and eventually led tenants to build 167 cottages — most of them used by summer vacationers — on the land he left for the seaside city of...
by Christine | Mar 5, 2012 | Estate Planning, Trusts, Wealth Transfer |
Despite the bitter economic downturn, one part of the American dream is alive and well: the possibility of sudden wealth… Yet such life-changing windfalls can just as quickly vanish, say advisers who work with those who suddenly become wealthy. If you are setting up...
by Christine | Feb 21, 2012 | Elder Law, Estate Planning, Pet Trust, Trusts |
The pet trust is a little-known legal option for the elderly and caregivers worried about what will happen to beloved animals following the deaths of their owners. The four-legged members of a household (or two-legged, or conceivable even eight, as the case may be)...
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 | Jan 30, 2012 | Advanced Health Care Directive, Conservatorships, Durable Power of Attorney For Finances, Elder Law, Estate Planning, Guardianships, Trusts |
I am often asked "When do I need to amend or revise my estate planning documents?" I recommend that if any of the following events occur, you should review the potential effect of such event on your estate planning documents, your plan of disposition, and...
