Latest Blog Posts

Caution: Creditors Now Have Easy Access to Inherited IRAs

Posted on: March 3rd, 2016
Do you have IRAs or other retirement accounts that you plan to leave to your loved ones? If so, proceed with caution....

Trust Protectors

Posted on: October 3rd, 2011
Trust protectors (aka Trust Advisors) have long been used in British Commonwealth countries, originating with offshore asset protection trusts. With these trusts, their role was limited mostly to overseeing the foreign trustee and to make sure the trust maker’s intent was fulfilled....

Niche Trusts

Posted on: September 9th, 2011
Revocable Living, Irrevocable Life Insurance, Charitable Lead, and Grantor Retained Annuity – these are trust descriptors that are familiar to estate planning professionals. However, there are many less well-known types of trusts that clients may ask about or benefit from having. Some of those other types of trusts will fill an estate planning need like no other arrangement can. Some arrangements called “trusts” do not fit the traditional trust definition. Still other things called “trusts” are outright shams....

Top Income Tax Planning Ideas for 2011 and 2012

Posted on: August 25th, 2011
With the recent discussions about closing tax loopholes and increasing taxes for the “wealthy” incident to increasing the national debt limit, clients are beginning to fear that the taxes on their wealth will increase. Even without higher tax rates, wealthier Americans will pay more in taxes if allowable deductions (possibly charitable) and exemptions (probably estate tax) are lowered....

Using the Power of Trusts to Spur Your Estate Planning

Posted on: August 25th, 2011
Estate planning changed again on January 1, 2011, when certain key provisions of the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, signed by President Obama on December 17, 2010, took effect....

Income Tax Planning Concepts in Estate Planning

Posted on: July 7th, 2011
Estate planning sometimes has income tax effects. All advisors, therefore, should be at least aware of some basics of income tax planning to best serve their clients....

Don’t Make the Same Mistakes You’ve Seen in the Headlines

Posted on: June 29th, 2011
Now is the time to update your existing estate plan, or proceed with implementing a comprehensive estate plan. Why? First, we now know with certainty that the federal estate tax is not going away, and thus we should establish a plan that avoids or at least minimizes this voluntary tax....

Make the Ask

Posted on: June 16th, 2011
Your estate planning clients are also prospects for charitable giving. Some clients come in, motivated to include some charitable giving in their planning. Many, though, would make charitable gifts if only asked....

The Power of Trusts

Posted on: May 26th, 2011
Estate planning is all about helping our clients achieve what they really want. What do our clients want? They have many common goals....

Highlights of the New Estate Tax Legislation

Posted on: January 21st, 2011
On December 17, 2010, President Obama signed into law the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the “2010 Tax Act”). In a nutshell, it did five things: extended current unemployment benefits to 99 weeks, extended current income tax rates (the Bush tax cuts) for alltaxpayers for two more years, made significant changes to the estate tax applicable to those dying in 2010, 2011, or 2012, modified the gift tax for 2011 and 2012, and modified the Generation Skipping Transfer Tax for 2010, 2011, and 2012....