Tag Archives: Inheritance

Supreme Court Rules Inherited IRA’s not Bankruptcy-Protected

Posted on June 18, 2014 by Kelly

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 →

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Introducing the IRA Inheritance Trust! (Part 2)

Posted on March 6, 2014 by Kelly

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)

Posted on March 4, 2014 by Kelly

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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Huguette Clark’s Continuing Will Contest Saga (Part II): Testamentary Capacity

Posted on October 8, 2013 by Kelly

Last week I blogged about the embattled estate of Huguette Clark the heiress who died in New York City in 2011 after spending the last 20 years of her life in a room at Beth Israel Medical Center. Click here to … Continue reading →

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Four Pillars Attorneys Attend NAELA UnProgram

Posted on September 18, 2013 by Kelly

Since Kelly is in the proverbial “driver’s seat” of Four Pillars Law Firm, it only makes sense that she serves on a Steering Committee.  (Sorry, we couldn’t resist!).   Early this month, Kelly and Matt drove down the highway to Pawley’s … Continue reading →

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

Posted on February 13, 2013 by admin

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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What is this “Portability” Nonsense, Anyway?

Posted on February 8, 2013 by Kelly

Under the provisions of the recently passed American Taxpayer Relief Act (“ATRA”), “portability” of the estate tax exemption between spouses has been made permanent.  So what does “portability” of the estate tax exemption actually mean? Well, in a nutshell, it … Continue reading →

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Sharing Inheritance Plans with your Children

Posted on September 6, 2012 by Kelly

Most clients who come through my doors interested in estate planning want to maintain control of their assets as long as possible. As an extension of that control, most clients keep their children “in the dark” about the nature of … Continue reading →

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May Someone with Dementia Sign a Will?

Posted on August 31, 2012 by Kelly

Millions of people are affected by dementia.  Unfortunately, many of dementia sufferers do not have all their estate planning affairs in order before the symptoms start. If you or a loved one has dementia, it may not be too late … Continue reading →

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Preventing a Will Contest

Posted on August 29, 2012 by Kelly

Emotions can run high at the death of a family member. If a family member is unhappy with the amount they received (or didn’t receive) under a will, he or she may contest the will. Will contests can drag out … Continue reading →

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