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 Irv Blackman is an experienced CPA and lawyer who specializes in estate planning, business succession and asset protection.. He is the founding partner of Blackman & Kallick, the largest independent CPA firm in Illinois. He is the founding Chairman of the Board of New Century Bank, Chicago. Irv has authored 8 books, and his articles Continue reading What is the Estate Tax Trap High Net Worth Individuals Fall into? January 11th, 2010 | Tags: Estate Planning, Estate Taxes, guest post | Category: Estate Planning | 7 comments
I truly believe that everyone needs a will and have provided reason after reason why you need to create a Last Will and Testament ASAP. These reasons include: Proper Distribution of Assets – Both in terms fo what you want and what is most efficient Continue reading Determining your Testamentary Intent and Avoiding Common Mistakes  The question I hear the most when I am teaching classes are, where do you think the Estate Taxes are going? I always respond, they aren’t disappearing. Period. The current administration (along with the last one) is running through money like it was beer at a keg party! So is it likely that we are going Continue reading Where are Estate Taxes Going? 
Did you ever think your last wishes were weird or strange? My mom wants Phantom of the Opera playing at her wake; luckily I talked her out of actually putting it in the Will I drafted for her. My Last Will and Testament has certain provisions for hundreds, if not thousands, of glass coke bottles I have collected. Continue reading Strange Will Bequests and Estate Plans  In the past I have discussed Who Needs a Will? hint: Everyone and have provided 10 Reasons why YOU need a Will As Soon as Possible but something occurred to me, not everyone knows the requirements to create a valid Will in their state. I was discussing the possibility of drafting a Will for someone, when Continue reading Is your Hand Written Will Unenforceable? Does your State Recognize Holographic Wills? August 19th, 2009 | Tags: Estate Planning, holographic will, Will | Category: Estate Planning | 7 comments
 Way back in August of 2008 I wrote a Post about Simple Wills. As you may recall (or just read when you clicked the link) a simple will is usually built as follows: The problem with Simple Wills (again, as I indicated in 2008) is that don’t usually take care of certain items. Specifically, I mentioned: Special Continue reading The Wall Street Journal Agrees with Me! Trusts should be Built into Most Wills June 3rd, 2009 | Tags: Creditor, Estate Planning, trusts, Wills | Category: Estate Planning | 3 comments
 I doubt the main point post will apply to many people reading this blog, but as I stated this blog was also started to highlight some of my research and planning experience. This idea may seem foreign to many, but I’d love to discuss it with anyone and everyone. This post is for those that don’t Continue reading Advanced Required Minimum Distribution Planning May 1st, 2009 | Tags: Estate Planning, Estate Taxes, Financial Planning | Category: Qualified/Retirement | Leave a comment
Disclaimer: You should always check with your financial or legal professional before estate or financial planning especially when dealing with as sensitive and advanced subject such as Children with Special Needs. This is the Third Part of a multi-post series on planning for children with special needs. Part I – Introduction Part II – Letter of Intent This Continue reading Planning for Children with Special Needs Part III – The Third Party Special Needs Trust April 21st, 2009 | Tags: Estate Planning, Financial Planning | Category: Special Needs | Leave a comment
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