The Obama administration recently released its budget proposal for the 2016 fiscal year. As in past years, this budget proposes changes to the laws governing federal estate, gift and generation-ski...
It’s Not Just About Death and Taxes: The Essential Legal Documents You Need for Incapacity Planning
Comprehensive estate planning is about more than your legacy after death, avoiding probate, and saving on taxes. It must also be about having a plan in place to manage your affairs if you become menta...
Five Things You Need to Know About the Recently Enacted ABLE Act
On December 19, 2014, President Obama signed the Achieving a Better Life Experience Act (ABLE Act) into law. The ABLE Act will allow certain individuals with disabilities to establish tax-free savi...
Minnesota Franchise Act
Author: Steven V. Rose Many people dream of owning a McDonald’s, Subway, Culver’s, Dunkin’ Donuts or other nationally or internationally known franchise. To do so, you have to acquire the righ...
3 Powers to Consider Giving to a Trust Protector
Today many estate plans contain irrevocable trusts that will continue for the benefit of a spouse’s lifetime and then for the benefit of several generations. Since these trusts are designed to sp...
5 Good Reasons to Decant a Trust
Today many estate plans contain irrevocable trusts that will continue for the benefit of a spouse’s lifetime and then for the benefit of several generations. Since these trusts are designed to sp...
5 Ways to Modernize Your Estate Planning Using Flexible Trusts
Your estate plan undoubtedly includes trusts that will continue for the benefit of your spouse’s lifetime and then for the benefit of several generations of your family. Implementing and maintaini...
How Powers of Appointment Can Improve Your Trust
Today many estate plans contain trusts that will continue for the benefit of a spouse’s lifetime and then for the benefit of several generations. Since these trusts are designed to span multiple ...
Who’s Going to Get It: Do You Really Know the Beneficiaries of Your Dynasty Trust?
Today many estate plans contain irrevocable dynasty trusts that will continue for the benefit of a spouse’s lifetime and then for the benefit of several generations. Since these trusts are design...
The Wrong Successor Trustee Can Derail Your Final Wishes
Today many estate plans contain irrevocable trusts that will continue for the benefit of a surviving spouse’s lifetime and then for the benefit of several generations. Since these trusts are desi...