“Family limited partnerships (and similar entities), while useful in an estate planning strategy for high-net-worth clients, are often hotly contested by the IRS for their
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Why the Rush to Collect Medicaid?
Even if you are eligible, don’t rush into applying for coverage. Kiplinger’s article, “What You Need to Know About Applying for Medicaid,” discusses five scenarios
Succession Planning for your Family-Owned Business
You’ve built and own a successful business. But the Smart Business article, “Five things you should know about estate planning for a family-owned business,” asks
Saints Owner Booted as Trustee of Billion Dollar Estate
“The news represents a victory for Renee Benson who sued her father over his competency and control over the 1980 Shirley Benson Testamentary Trust.” NFL
Don’t Plant a Bomb in Your Estate Plan to Blow Up the Future for Your Kids!
“The real reasons to do estate planning are to take care of ourselves and our families the way that we want to.” In a review
Estate Planning is About Protecting Your Farm Business
“Everyone’s situation is different. Each plan is unique.” Who likes to talk about death? Aside from morticians, even thinking about death makes most of us
Get the Retirement Planning Rocking in the New Year!
“Grow your nest egg faster!” Contributing to a retirement account qualifies you for tax breaks and employer contributions, both of which will grow your retirement
Consider an Intrafamily Loan to go along with a Trust
With interest rates at historic lows—for the time being—wealthy families are turbocharging their estate-planning strategies by pairing intrafamily loans with trusts. In late 2009, a
New Details on the Estate Tax Change Discussion
The estate tax draws heated debate between advocates and opponents, with some referring to the levy as a “death tax,” while others argue that the
Late NBA Owner’s Estate Owes Taxes, IRS Says
In a ginormous estate tax battle denouement, the Internal Revenue Service just won $388 million in a settlement with the estate of Detroit Pistons owner
What Just Happened? You Need to Consider Estate Planning
With an estate plan, you can ensure that your loved ones are taken care of financially after your death. You can give your family peace
Ever Wonder How People Die?
Accidental gunfire claimed 348 lives from 2001-2010 in Alabama, and gunshots of undetermined intent killed 147 in Arizona. And while both resulted in far fewer
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