Month: September 2010
Online Estate Planning? Think About It
Call me old-fashioned, but I think estate planning should involve a personalized and continuing relationship, not a transaction. While some may prefer…
LegalZoom Responds to My Post of 9-27-10
Boy, that was fast! I stand corrected by LegalZoom’s Senior Counsel, Kenneth Friedman. The Attorney General of Washington State did not file…
Keep Your Information Private
Watch out for telephone calls where the caller requests personal information: “There are no situations in which it is reasonable to give…
AICPA issues Press Release Against Tax Strategy Patents
AICPA, U.S. PIRG Coalition Urges Congress to Ban Tax Strategy Patents Before Adjourning Inappropriate Patents Attempt Monopoly on U.S. Tax Code WASHINGTON…
Beware of “Medicaid Friendly” Annuities versus “Medicaid Compliant” Annuities
I have had a few clients who have been sold “Medicaid Friendly” Annuities. In at least one case, the annuity salesman sold…
“Tax Hike Prevention” Act of 2010 introduced in Senate
The Tax Hike Prevention Act of 2010 was introduced in the Senate on September 13 as Senate Bill 3773 “to permanently extend…
New Online Service Helps Executors Locate Financial Information
One of the most challenging things for many executors is trying to locate and organize the decedent’s financial information, such as insurance…
NC Court of Appeals Holds IRA Withdrawals Exempt from Creditors
The North Carolina Court of Appeals, in Kinlaw v. Johnson, confirmed statutory law protecting IRAs from creditors, and extended the protection to the…
Is LegalZoom Selling Your Personal Information?
The Attorney General of Washington instituted an investigation of LegalZoom for the unauthorized practice of law and the release of personal and financial…
Forgoing an ILIT- Estate Planning’s Costliest Mistake
Most people know that the proceeds of a life insurance policy are generally free of income taxes. What many don’t realize, however,…
