By now you have already been buried with requests from charities near and far, worthy and not-so-worthy, hoping to share in your good cheer during what is inevitably called the season of Giving. If you’re like many parents (and … Continue reading
Tag Archives: Gifting
The topic of gifting assets is often an important discussion in the world of estate planning. Generally, a main point of gifting is to remove assets from the estate of the donor to avoid potential estate taxes on the asset. … Continue reading
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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I like practicing elder law because, among other things, my elder clients think that I’m still young at 62. As a relatively elderly elder law lawyer (quite a mouthful) I also find myself identifying more with my clients than I … Continue reading