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New Regulations Affect Family Limited Partnerships and Family LLCs
September 2nd, 2015
The Internal Revenue Service is about to toughen the rules on a type of investment vehicle that has been abused by some very wealthy families to avoid millions of dollars in taxes. The wealthy are allowed to use family limited partnerships, family li…
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Are Trusts a Good Idea?
August 27th, 2015
To some estate planning attorneys, trusts are the default option. Their wealthy clients generally pass assets to heirs that way. Trusts can keep inherited wealth safe; assets left outright to individuals may be vulnerable to estate tax and divorce an…
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Basic Estate Planning Mistakes You Can Stop Making
August 24th, 2015
Estate planning tends to get pushed to the back burner, as more pressing financial tasks take center stage. But neglecting estate planning is a huge mistake. Estate planning may involve hiring an attorney or financial advisor, but plenty of people ma…
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Estate Planning Lessons in the Death of Whitney Houston’s Daughter
August 14th, 2015
Bobbi Kristina Brown’s tragic death offers a number of poignant end-of-life lessons for parents, young adults, and seniors alike. First and foremost, health and legal experts say Brown’s death spotlights the need for establishing written advance…
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Categories: Aging Issues, Blended Families, Current Affairs, Estate Planning, Long Term Care, Power of Attorney, Probate, Television, Will
Would You Choose Cousin Vinny to Be the Guardian of Your Kids?
May 13th, 2015
Estate plan is a key element in any financial plan no matter what your age. Estate planning allows you to decide how your assets should be distributed upon your death. In essence it allows control from the grave! And a word of advice to t…
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