Art investors are nearly always advised not to invest in art at all, but to collect it. Buy what you like, the conventional wisdom goes, not what you expect to increase in value. But collectors still must contemplate financial matters, especially rel…
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Tags: Art, Asset Protection, estate planning, Estate Planning Lawyer, Estate Tax, Gift Tax, Inheritance, probate, Probate Attorney, Probate Court, Tax Planning, Trusts, Trusts and Estates, Wills
Montana State University announced on Thursday that the late Bill Wurst, a 1959 alumnus in electrical engineering, has left $4 million to the MSU College of Engineering as a gift from his estate. The gift will be used as matching funds for the univer…
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If you haven't considered using a revocable trust rather than a will as your main estate planning document, you could be making a critical mistake. A recent MoneyWatch article, “5 reasons you need a trust, not a will,” lists five reasons for…
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Tags: Asset Protection, estate planning, Estate Planning Lawyer, Estate Tax, Irrevocable Trust, probate, Probate Attorney, Probate Court, Revocable Trust, Trusts, Trusts and Estates, Wills
Trusts can be a great way to update an estate plan, whether within a will or as a separate estate-planning tool. Trusts have a reputation for being something that most people don't have to worry about, with most seeing a trust as a vehicle for t…
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Tags: Asset Protection, Credit Shelter Trust, estate planning, Estate Planning Lawyer, Estate Tax, Family Trust, Inheritance, Irrevocable Trust, Living Trust, probate, Probate Attorney, Probate Court, Qualified Personal Residence Trust (QPRT), Qualified Terminable Interest Property (QTIP), Revocable Trust, Special Needs Trust, Tax Planning, Testamentary Trust, Trusts, Trusts and Estates
It was the summer between her sophomore and junior year at the University of Wisconsin-Madison when Patti Sacher’s daughter Keisha had a breakdown. She had taken LSD at a Grateful Dead concert one weekend in 1989. When Mrs. Sacher called to check o…
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Tags: Asset Protection, disability, estate planning, Estate Planning Lawyer, Estate Tax, Health Care Proxy, Living Trust, power of attorney, Special Needs, Special Purpose Trust, Trusts, Trusts and Estates
One of the most important things someone can do to best ensure their estate is handled without a hitch is to appoint the right person as the estate’s executor, sometimes called a representative. So what do you need to do if you’ve been appointed…
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Tags: Asset Protection, estate planning, Estate Planning Lawyer, Executor, Guardianship, Inheritance, power of attorney, probate, Probate Attorney, Probate Court, Tax Planning, Trusts, Trusts and Estates, Will Changes, Wills
Natural disasters happen! Catastrophes! Accidents! Illness! No one gets out of this world alive, but we can plan to make it easier on those we leave behind. If you have accumulated assets or have minor children, you need to do some estate planning. T…
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Tags: Asset Protection, estate planning, Estate Planning Lawyer, Guardianship, Inheritance, Planning for the Future, probate, Probate Attorney, Probate Court, Trusts, Trusts and Estates
We love our pets. Nearly two-thirds of all Americans have a pet, and among those who do, nearly 70% have a dog; 50% have a cat; 11% have fish; 8% have birds; and 7% have horses, rodents or reptiles. Nearly 90% of all pet owners consider their pets to…
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Tags: Asset Protection, estate planning, Estate Planning Lawyer, Inheritance, Living Trust, Pets, probate, Probate Attorney, Probate Court, Trusts, Trusts and Estates
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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Tags: Asset Protection, estate planning, Estate Planning Lawyer, Guardianship, Inheritance, Partnership, power of attorney, probate, Probate Court, Tax Planning, Trusts, Trusts and Estates, Wills
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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Tags: Asset Protection, estate planning, Estate Planning Lawyer, Family Trust, Guardianship, Living Trust, probate, Probate Attorney, Special Needs Trust, Trusts, Trusts and Estates, Wills
