The persons you might select for each role in your estate plan could include a number of different possibilities. Below are some of the more common relationships or categories of people named. Your options, however, are not limited to any…
In most estate plans, even those for modest estates, positions or roles you may name people to fill include: In a more complex plan, for example, a plan including a comprehensive irrevocable trust, it could include an array of positions…
The following discussion is intended to help guide you through one of the most important decisions concerning your estate plan and estate planning documents: who you will name to serve in the important positions. While this can be a simple…
The Other Big 8, “Technology in the Estate Planning Field: Pluses and Pitfalls,” co-speaker Charles Rossman, Hackensack, NJ (May 7, 2019). 45th Notre Dame Tax & Estate Planning Institute, “Using Technology for the Modern Estate Planning Practice,” co-speaker Martin M….
There have been several techniques that have been discussed for practitioners to consider employing when planning for uncertainty in changes to tax laws, such as including a disclaimer in trust documents using formula clauses in assignment and transfer documentation, etc….
Planning for aging (and incapacity) requires more than just the traditional preparation of a Will, durable power of attorney (‘DPOA’”) (and perhaps a revocable trust). The multitude of fiduciary and quasi-fiduciary appointments clients make, almost entirely without professional input, can…
While every client wishes to efficiently transfer wealth to their loved ones or favorite charities, for the majority, saving taxes is not the primary objective when seeking out the services of a seasoned trusts and estates practitioner. There are a…
Organizing documents as a “binder” or checklist can be used to identify ways to backstop, refine, and administer the client’s estate and trust plans and could be reviewed and, as necessary, updated at each annual meeting or even more frequently…
The new FTC Rule banning the use of non-compete agreements will widely impact American business and the American public. Workers should know their rights and understand how the final decision in the lawsuit the FTC just filed will affect them….
The Supreme Court of the United States entered a unanimous decision in Connelly v. Commissioner, holding that the estate tax value of shares belonging to the principal shareholder of a C corporation, which received insurance proceeds upon the death of…