Tag Archives: Trust Planning

Elder Law Attorneys Observe May as National Elder Law Month

The National Academy of Elder Law Attorneys (NAELA) has designated May the National Elder Law Month. Headquartered in Washington, D.C., NAELA was formed in 1987 in response to the growing legal needs of older adults, people with special needs, and … Continue reading

Posted in Alzheimer's & Dementia, Community, Elder Law & LTC Planning, Firm News, Long Term Care | Tagged , , , , , , , , , , , , , | Leave a comment

Have You Put Off Estate Planning for Too Long?

According to a Rocket Lawyer poll, 57% of Americans say their excuse for not having a Will is that they just haven’t gotten around to making one.  The longer you put it off, though, the direr a catastrophic event could … Continue reading

Posted in Estate Planning & Administration | Tagged , , , , , , , , , , | Leave a comment

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

Posted in Estate Planning & Administration | Tagged , , , , , , , | Leave a comment

Supreme Court Rules Inherited IRA’s not Bankruptcy-Protected

In a sweeping decision in Clark v. Rameker, the U.S. Supreme Court held that funds in an inherited IRA are not protected in bankruptcy.  The Court’s analysis focused on key legal distinctions between the type of IRA you set up … Continue reading

Posted in Estate Planning & Administration | Tagged , , , , , , , , | Leave a comment

Kelly Answers the $64 Question

Did you know that The $64 Question was a popular radio quiz show? During the 1940s, “That’s the $64 question” became a common catchphrase for a particularly difficult question or problem.  When the show moved to television, it became The $64,000 Question! Recently, … Continue reading

Posted in Four-Cast | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

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

Posted in Estate Planning & Administration | Tagged , , , , , , , | Leave a comment

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

Posted in Retirement | Tagged , , , , , , , , , , , | Leave a comment

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

Posted in Retirement | Tagged , , , , , , , , , , , | Leave a comment

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

Posted in Estate Planning & Administration | Tagged , , , | Leave a comment

Did the Sale of Stan Musial’s Memorabilia Create an Estate Tax Liability?

I oftentimes get the question from clients as to whether their household goods and personal property are going to be an issue for estate tax purposes.  My general response is “no,” especially when we’re not really worried about a taxable … Continue reading

Posted in Estate Planning & Administration | Tagged , , , | Leave a comment