Widow Foreclosure Catch-22
In This Issue:
- Exemption portability: Should you rely on it?
- Decant a trust to add trustee flexibility
- Using the GST tax exemption to build a dynasty
- Estate Planning Red Flag: Your plan includes a...more
Losing a spouse is a very difficult time for most people. Imagine how difficult it would then be to lose the house you shared to foreclosure. Banks are under legal obligation to help avoid foreclosure by using loan...more
Code Section 2519 is a notoriously difficult section to apply. In 2009, I wrote on article on it for Estate Planning, and ever since I’ve been providing a lot of assistance to others on its operation. So I am always...more
By now you should have all heard that Congress narrowly averted the Country's fall over the "fiscal cliff" at the very last moment (well, actually after the very last moment, but retroactive to the very last moment) by...more
Your spouse or partner has just passed away. Coping with the loss of your loved one will be difficult. It is important that you allow yourself time to grieve.
As soon as you’re able, it is also vitally important to...more
Our previews of the new civil cases granted review at the end of the Illinois Supreme Court’s November term continue with Hooker v. Retirement Fund of the Firemen's Annuity and Benefit Fund of Chicago,. Hooker poses the...more
Although men usually spend more time worrying about estate planning, the truth is that it is actually more important for women.
That’s because estate planning affects women more profoundly because they live longer.
The Supreme Court will address same-sex marriage for the first time in adding a pair of closely-watched cases from California and New York to its schedule. The New York case involves the Defense of Marriage Act (DOMA), the...more
On February 1, 2012, the new Wills and Succession Act (“WSA”) came into force, consolidating succession legislation in Alberta. The legislation – as originally unveiled - included significant amendments to portions of the...more
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