Blog
Stuck In The Middle: Caring For Aging Relatives
“Too rich for most government-funded social programs and not rich enough to pay for full-time, long-term care services.” Does this sound familiar? It is exactly the kind of financial situation most elderly find themselves in today, and one which requires many adult...
Prenups Help With Happily Ever After
A lot of what we as estate planners do is help you protect your assets: We help you protect your assets for your children when you die, we help you protect your assets when you are elderly and need long term or nursing care, we help you protect your business or...
My father passed away 4 yrs ago and he was settling a lawsuit. Will I have to pay taxes on this on top of the inheritance tax?
My father passed away 4 yrs ago and he was settling a lawsuit. The lawyer that he dealt with is telling me that no one can come after me that he may of had owed debt to and that I will be granted x amount of dollars. Should I trust him? I know he is trying to collect...
Trade Like A Man, Save Like A Woman
How will you be planning for your retirement? According to CNBC your gender could play a bigger role than you think in your retirement plan. While of course not everyone will adhere to gross generalizations, studies have shown that men and women do have a tendency to...
What are the pitfalls of transmuting separate property to community with respect to estate planning?
My spouse wants me to transmute all our property to community for our new trust. I want to be assured my child from prior marriage (and grandchildren) receive certain assets if I die first. Is it necessary (or wise even) to transmute as requested? (Our total estate is...
Robin Hood Lives On: Tax Breaks to Help Your Family
It may seem like you just can’t catch a break when it comes to paying taxes, but according to this article in the Wall Street Journal there are a few little known tax breaks that could end up saving your family money. Some are new—so new, in fact, that it is still...
Take Action in the Face of Estate Tax Uncertainty
If you’ve been reading our blog regularly then you know that the 2010 estate tax repeal has caused no end of confusion and uncertainty; not only for those who have been dealing with probate and trust administration since the tax was first repealed, but also for those...
Protecting (first marriage) child’s inheritance in second marriage estate plan
H has no children; W has prior marriage child. HW estate 50/50 investments/RE & exceeds estate exemptions. H wants control of estate, all assets available for his lifetime needs, to minimize his taxes, is against any gifting while alive,against irrevocable trusts....
Does the New Health Care Reform Affect Your Long Term Care Plan?
From a recent announcement on PR Newswire: “Many Americans seem confused and immobilized by a key part of the recent Health Reform legislation, the CLASS Act, which will offer a form of long term care insurance for working people and others who may become disabled....
Do I need all the heirs signation to become special administrator in an emergency situation
My father passed without a will. Is there a way to become special administrator due to an emergency? My father’s name is on the note but I am on title - the house is in foreclosure and up for auction in 2 months. I would like to take the house out of foreclosure and...
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