Estate Planning
Own Rental Real Estate? You Need an LLC to Protect Yourself
Anyone who owns rental real estate in his or her individual name is taking a tremendous risk. Suppose your tenant, or one…
IRS Publishes Report on 2005 Gifts
The IRS recently published a report on lifetime wealth transfers in 2005 as disclosed to the IRS on federal gift tax returns. The…
Specific Benefits
Separate Retirement Plan Trust is the Best Choice I generally recommend that persons with IRA or qualified plan assets of at least…
Life Insurance Premium Financing
Many of us could use more insurance for estate planning purposes, such as financial security for loved ones or payment of estate…
How to Organize Your Financial and Legal Affairs
I recently came across a publication entitled If Something Should Happen – How to Organize Your Financial and Legal Affairs. The booklet…
Beyond the Basics – a Trio of Considerations for Succession Planning
When doing estate planning, one needs to consider to whom to leave one’s property, which is usually not much of a problem….
Good News for Family LLCs
As a proponent of Family Limited Liability Companies (LLCs) for asset management, creditor protection, and ease of gifting, I was pleased to…
IRS to Publish New Proposed Regulations for 529 Plans
The IRS has announced that it will soon propose new regulations governing 529 College Savings Plans, which will (I) contain an anti-abuse…
Questions for the Family Business Owner
Owners of family businesses face unique estate planning challenges. Far too often, owners fail to plan properly, or at all, which can…
A QTIP is Not Just for Your Ears
Estate planners love acronyms, and one of the most common when referring to a particular type of trust is QTIP, which stands…
