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What Jackie Kennedy Knew about CLATs and Estate Planning

Jacqueline Kennedy Onassis will long be known for many superlative distinctions: an internationally beloved former first lady of the United States, one of the most influential contributors to the restoration and preservation of the White House and a peerless cultural icon.

Posted on: September 12, 2022

How Important Is It to have Long-Term Care Insurance?

Political instability, rampant inflation and the specter of recession are looming threats to our clients’ financial future, which directly impacts their ability to take care of themselves at a point in their lives when they are likely to need care or other age-related services.

Posted on: September 9, 2022

IRS Extends Portability Election Option Deadline from Two to Five Years

Portability allows spouses to combine their exemption from estate and gift tax. This allows a surviving spouse to use the unused estate tax emption of the deceased spouse.

Posted on: September 8, 2022

The Risks of Creating Your Own Estate Plan

Even Consumer Reports suggests working with an experienced estate planning attorney to make sure documents are correctly prepared.

Posted on: September 8, 2022

What If Estate Is Beneficiary of an IRA?

It may sound like it makes sense, and it might be easier than picking a person (or two) to name, however there are some serious downsides to naming your estate as the beneficiary for your IRA.

Posted on: September 7, 2022

What Do You Need to Do When a Spouse Dies?

Death, while inevitable, is not often predictable. This can leave many people financially unprepared if their spouse suddenly dies–especially if the deceased was the one that took care of the household balance sheet.

Posted on: September 7, 2022

Who Is the Best Person for Executor?

What do these appointments mean to the person(s) named to act? What happens if they fail or decline to act? Can the planning appoint alternative representatives?

Posted on: September 2, 2022

What’s the Latest with the Queen of Soul’s Estate?

Aretha Franklin’s long-standing $7.8 million debt to the Internal Revenue Service has been paid in full, her estate says in a new court filing.

Posted on: September 1, 2022

Some States Have Tough Estate and Inheritance Taxes

Federal estate taxes are no longer a problem for all but the extremely wealthy. However, several states have their own estate taxes and inheritance taxes that could still hit your heirs.

Posted on: August 31, 2022

How Much Money Can a Well Spouse Keep If Medicaid is Needed?

The intent of the laws and regulations is to allow the community spouse to have enough income and assets, so that he or she has enough income and assets to continue to live at home, whether that be a home, an apartment, or other living place.

Posted on: August 30, 2022