Gifts under Powers of Attorney
August 13th, 2015Introduction and Background It is common to include in a durable power of attorney the right for an agent (the person named to act on behalf of the principal […]
Shenkman Law
Termination of an Insurance Trust the Client no Longer Wants – What Considerations, Steps, and Tax Implications?
July 30th, 2015Introduction “I don’t need life insurance because of the high estate tax exemption so I cancelled my policies and distributed the cash in my trust to my spouse.” […]
Safe Powers of Attorney
July 22nd, 2015Introduction Powers of attorney are one of the most basic and important estate planning documents. Even most nonprofessionals are well aware of what a power of attorney is and […]
Estate and Related Planning for those Living With Rheumatoid Arthritis
July 19th, 2015Introduction Estate, financial and related planning must always be tailored to reflect each person’s unique circumstances, needs, goals and objectives. If you or a loved one have been diagnosed with […]
The New World of Estate Planning
July 3rd, 2015Introduction Estate planning is rapidly moving away from the historical focus on bypass trusts and saving estate taxes. While many professionals have rightfully focused considerable attention on income tax […]
It Looks Like a Loan, Quacks Like a Loan, But Do You Really Want it to be a Loan?
June 28th, 2015Background When a benefactor, say a parent, loans an heir, say a child, funds, historically that transfer would have generally been desirable to treat as a loan. If the […]
Trust Administration: Trust Records Provide A Roadmap To Proper Trust Management Part 3
June 22nd, 2015This is the third and final article in a series intended to help trustees identify many of the steps to be taken and documents they might consider retaining as part […]
Trust Administration: Trust Records Provide A Roadmap To Proper Trust Management Part 2
June 12th, 2015This is the second article in a series of three articles intended to help trustees identify steps to be taken, and documents they might consider retaining, as part of the […]
Trust Administration: Trust Records Provide A Roadmap To Proper Trust Management Part 1
June 7th, 2015Trusts are ubiquitous in estate, tax, financial and asset protection planning. Everyone tends to be pretty focused on the decision process involved in creating a trust. However, clients and advisors […]
Dissolving an FLP/LLC – Can you have your Tax Cake and Eat it Too?
May 31st, 2015Introduction Family limited partnerships (“FLPs”) and family limited liability companies (“LLCs”) have been a mainstay of estate and related planning for decades. FLPs and LLCs (collectively, “FLPs”) could have […]