For clients with estates in excess of $1M dollars, the issue of what to do in 2010 with gifts that are subject to the Generation Skipping Transfer Tax can be complex. However, for those who choose to explore the possibilities,…more
The State of Wyoming is at again! As of July 1, 2010 a single person can now set up a Wyoming LLC as a single member and have limited liability whereby the sole and exclusive remedy for a creditor is a charging order. This form…more
Like most Americans, your finances have probably declined in value this year. The silver lining to the bad economic scenario presents the "perfect moment" to make gifts to one’s heirs. Revenue procedure 2008-66 was recently…more
Revocable living trusts are used by estate planning attorneys to accomplish a variety of objectives. Although "revocable living trusts" avoid probate and facilitate the administration of the trustmaker’s estate, there may still…more
In these troubling economic times when bankruptcy filings are increasing and people are struggling to keep their head above water, there are things that one can do now in your estate plan to protect those whom you wish to…more
With all of the political rhetoric about "change" in Washington these days, there is a total void of any discussion regarding the current Estate, Gift and Generation-Skipping Taxes in the next several years. The top federal…more
While the creation of Wills and Trusts are time-honored traditional ways to do estate planning to take care of events after death, there are three legal documents that every person should have while they are alive:
Almost everyone understands that “probate” is a bad thing. To that extent, we get many questions regarding the use of transfer on death (“TOD”) provisions, payable on death (“POD”) designations and the use of beneficiary deeds…more
We are often asked about when attorneys’ fees are tax deductible?
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