» Estate Planning

…Proper Asset Protection is most appropriately done when the client knows that he or she has no outstanding claims, i.e., the skies are perfectly clear of creditors. Asset Protection is all about avoiding fraudulent transfers, not designing and imp… Read More

"The effect is very negative for end-of-life care in the country. The way hospice is designed now may have worked fine 30 years ago, but it doesn’t work now and we need to think about alternatives." U.S. health care has been in flux since… Read More

Even if death and taxes are the only things certain in life, state legislators say they can never be certain about death taxes. The fiscal cliff-bridging budget set and made “permanent” the estate tax at a generous $5.25 million exemption amount.… Read More

In 1972, President Richard Nixon cruised to re-election. “The Waltons” premiered on CBS. And Sumner Redstone, who wasn’t yet a global media mogul, (allegedly) made a taxable gift to his children and failed to file a return. Why wouldn’t you f… Read More

Although the new law has been hailed as a welcome relief from the old rules, it still can be deep water. Consider consulting a reliable estate-tax pro. With budget uncertainty over our heads, it’s nice to know there are some laws that are (supposed… Read More

If the IRA owner died before their RBD, there is no year of death RMD that you need to take. However, if the IRA owner died after their RBD, there may be an RMD that you as their beneficiary have to take that year. When a loved one is no longer with… Read More

The new budget proposal targets various estate planning tools utilized by taxpayers in an effort to limit tax loopholes and generate revenue In the midst of the budget battlefield, many estate planning attorneys are closing watching the President’s… Read More

Under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA), the first $1 million of IRA and Roth IRA funds are protected (or exempt) in bankruptcy. This amount is reviewed every three years and increased as needed. For example… Read More