04 June
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Marital Deduction Funding Formulas for Revocable Trusts
The choice of marital deduction funding formula can affect the revocable trust in many ways. ...
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The choice of marital deduction funding formula can affect the revocable trust in many ways. ...
Continue readingThere is considerable confusion concerning the effects of naming a trust as the beneficiary of an IRA. What is most remarkable about this subject is that it seems to me that most professionals who should know better, i.e. CPA’s, investment professionals and lawyers, have as many misconceptions and gaps in their knowledge as the general public....
Continue readingFor most of us (at least up until the real estate crash of 2007-2008!) our major asset is our home and the “equity” we have in our home, which is the excess of the value of the home over the mortgage against it. While it is possible to file a “homestead” to protect our home equity, even if the homestead will, for now cover our home equity against possible creditors, there are certain risks that the homestead cannot protect against. The good news is that with recent court rulings, we can confidently establish Nevada personal residence trusts, qualified personal residence...
Continue reading(Republished from Vegas PBS Source Magazine; October, 2103) For many, the thought of Halloween conjures up frightful images of haunted attractions, horror films, and gruesome costumes. While these things might scare small children and pets, most folks would see them as entertaining, amusing, or even trivial. For those seeking a truly horrifying experience for themselves and their loved ones, there’s nothing entertaining, amusing, or trivial about a poorly planned estate. As an estate planning and probate attorney I have witnessed some of the most horrifying of events. I’ve seen accidental disinheritances, excessive taxes paid, costly probate litigation, the collapse of small businesses,...
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