Tag Archives: Estate Tax

Trusts Aren’t Just for the Wealthy Anymore!

Many clients who initially come to visit me regarding their estate plan say “I need a Will” or “I need to update my existing Will.”  They automatically assume that since they don’t have a taxable estate (since the estate exemption … Continue reading

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Asset Protection Amid Creditors

Many people only contemplate the need for asset protection when they find themselves amid the call of creditors.  The sad truth, however, is that there is normally very little to be done.  Trying to protect assets from current and known … Continue reading

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Introducing the IRA Inheritance Trust! (Part 2)

In my last blog, I discussed the beneficial use of an IRA Inheritance Trust to ensure your beneficiaries maximize the power of inherited retirement accounts through compounded tax-free growth and less income taxes being due each year distributions are taken … Continue reading

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Introducing the IRA Inheritance Trust! (Part 1)

You may know the difference between a Last Will & Testament and a Revocable Living Trust, but did you know there is a special trust specifically for retirement accounts? Don’t make the faulty assumption that your Revocable Living Trust will … Continue reading

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Will Readings: Out of Favor in America?

Earlier this week we blogged about the reading of Former South African President Nelson Mandela’s Will before his family.  The reading of a Will to family members and beneficiaries upon someone’s death used to be very common in America.  In … Continue reading

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Retirement Accounts: Creditor Protection vs. Portability

In a prior blog earlier this week, we mentioned that the U.S. Supreme Court has granted a petition to decide upon whether inherited “retirement funds” are protected from bankruptcy proceedings.  In a nutshell, if they are not deemed protected, then … Continue reading

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The Number One Estate Planning Mistake

What do Sonny Bono, a Supreme Court Chief Justice, an Olympic athlete, and actor Heath Ledger have in common?  It sounds like it could be the opener to a bad joke, but what links these people together is no laughing … Continue reading

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Gandolfini’s Poor Estate Planning

You’ve gone to an attorney and put a Will in place, in case something happens to you.  So, you think you’ve done your “due diligence” when it comes to taking care of your family and loved ones.  You could be … Continue reading

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Think Avoiding Taxes is the Only Reason for a Will?

If you think avoiding taxes is the only reason to have a Last Will & Testament or other estate planning documents, you may want to reconsider that thought. Although the estate tax exemption has risen to great heights, meaning most … Continue reading

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‘Fiscal Cliff’ Deal Brings Changes to Estate Taxes and IRAs

Congress finally came to an agreement to avoid the “fiscal cliff,” and the agreement includes some changes to federal estate taxes and Individual Retirement Accounts (IRAs). The American Taxpayer Relief Act sets a permanent estate tax rate and provides a … Continue reading

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