Tag Archives: Estate Planning

2012 Gift Tax Exemption and Exclusion Amounts

DISCLAIMER: Estate and Gift Taxes are an entire semester at law school and probably for your local accountant as well so this is just a brief introduction into the exemption amounts that are currently Available in 2012.  Even the Internal Revenue Service understands how complicated estate and gift taxes can be come so they haveContinue Reading

Never Assume Someone Has a Completed Estate Plan

In the past I have stressed that regardless if someone is with working with a professional that person’s testamentary intent should be the most important objective when planning his or her estate.  Recently, I have been seeing a trend that makes me believe that goal needs to be restated and tweaked a bit – TestamentaryContinue Reading

Unequal Distribution to Heirs

I was working on an interesting estate planning case today and I thought I would get people’s opinion on the subject.  At the end of the day this client wants to leave his assets in an unequal distribution schedule to his three children wherein one of the children will receive the lion’s share of theContinue Reading

Make Sure Your IRA Beneficiary Is Correct

A few years ago the United States Supreme Court ruled in Kennedy v. Plan Administrator for DuPont Savings and Investment that 401(k) proceeds would go to the decedent’s ex-wife (divorce occurred in the 70′s) instead of the new wife (marriage was in tact for more than a decade) because that is what the account beneficiaryContinue Reading