Monthly Archives: July 2014

Even Eighteen-Year-Olds Need Some Estate Planning

Often, people do not realize that once their children are legal adults (at the age of eighteen), they no longer have the legal right to make most decisions for their children. After children turn eighteen, they have the legal right … Continue reading

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Using Revocable Trusts for Tax Planning

I tell almost all of my clients who are married and have an estate worth more than $1,000,000 to consider using revocable trusts in their estate plan to defer payment of estate tax for as long as possible. This type … Continue reading

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All Is Not the Same With Inherited IRAs- The US Supreme Court Denies Creditor Protection For Inherited IRAs

Recently the U.S. Supreme Court issued a ruling related to whether creditors could reach an inherited IRA.  Many individuals assumed that all IRAs were protected from creditors; however, the Supreme Court disagreed under federal bankruptcy law. The issue arose when … Continue reading

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Get Your Health Care Proxy Right: It May Be A Matter Of Life And Death

How much pain, nausea, and torment are you willing to tolerate?  What if all that agony would only prolong your life by a few days or weeks?  What if you knew that the pain and/or nausea would be unending?  If … Continue reading

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Marriage and Estate Planning

With marriage on my mind (I was just happily married this month), I thought it would be rather fitting to write about marriage and estate planning. Estate planning isn’t just for the baby boomers and people with significant assets. It’s … Continue reading

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