Trusts are effective vehicles for probate-avoidance, asset preservation, and tax planning.
Posts Tagged: Estate planning
Joint Tenancy: out of the frying pan, into the fire
Probate is generally a very good thing to avoid. Joint tenancy is sometimes touted as a cheap and easy way to do this. However, it is not a "fix" that… Read More »
What is probate?
Probate can be quick, easy, and inexpensive. Unfortunately, it is rarely any of those things.
When Environmental Laws and Tax Laws Collide
How do you deal with a valuable asset that cannot legally be sold when the IRS says that you owe $29.2 million in estate taxes on it? This is a real live case involving a piece of art that includes a stuffed bald eagle.
New Hawaii Law Gives Tenancy by the Entirety Protection to Trusts
Hawaii recently enacted a new law effective July 1, 2012, extending tenancy by the entirety protection to transfers of real property to trusts.
It Could Happen to You
In our lifetimes, we have seen incredible advances in medical science. Think back thirty years. In 1982, a heart bypass operation was a really big deal. It meant weeks in… Read More »
Effective Estate Planning Requires Lifelong Learning
Effective estate planning begins with learning about what you can do to stay in control of your stuff (i.e., everything you own) and assure that your wishes are carried out… Read More »
The sad financial truth about many of our celebrity heroes
Some sobering thoughts from experiences of “unlucky” stars.
How Can I Be Sure My Family Won’t Fight After I’m Gone?
Unfortunately, there is nothing you can do to guarantee that there will be no fighting among your loved ones after you are gone. There are plenty of difficult emotions to… Read More »
BABYSITTER’S INSTRUCTIONS FOR YOUR DATE WITH DESTINY
Imagine sitting down to write out the instructions for your babysitter. You and your spouse are going to have a lovely evening out, but you don’t want to be out… Read More »