The foundation of estate planning is control. Life happens. When one spouse dies it is natural for the survivor to remarry. In remarriage loyalties change. It is not good or bad. It just is. If you have children from a prior marriage or other beneficiaries you want to...
There are any number of things for which you can be earning and saving money: investments, retirement, college, a home, a car, the current high-tech gadget... The thought of it all is enough to make a person dizzy! So how do you decide what are the most important...
In 2001 EGTRRA substantially reduced the amount of estate tax paid by all Americans. The good news is that for this year, 2010, the estate tax goes away. The bad news is that the estate tax is replaced by a brand new income tax. All trusts needs to include language to...
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...
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...
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...
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...
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and uncertainty; not only for those who have been dealing with probate and trust administration since the tax was first repealed, but also for those...
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....
There was too much confusion to be much rejoicing when the estate tax was repealed for a year on January 1st, 2010. Although the words “no estate tax” may sound good, nobody really expected the state of affairs would last. Most experts believed that Congress would...
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