Disclaimers can be a good way of getting assets where you want them to go. If the disclaimer is a “qualified disclaimer,” the client isn’t treated as having made a taxable gift. Sometimes a “double disclaimer” is necessary to achieve the desired outcome. Read on to learn more. … [Read more...] about Using Disclaimers to Achieve Client Goals: Double Disclaimers
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Using Disclaimers to Achieve Client Goals
Disclaimers can be a good way of getting assets where you want them to go. If the disclaimer is a “qualified disclaimer,” the client isn’t treated as having made a taxable gift. This can be a great result for the client in the right circumstances. Read on to learn more. … [Read more...] about Using Disclaimers to Achieve Client Goals
“Last Will and Testament” Origin
Why do you have a “Last Will and Testament.” Even Estate Planning attorney is unlikely to know the etymology of the term. It was the subject of a recent question on “Jeopardy.” Read on to learn more. … [Read more...] about “Last Will and Testament” Origin
SECURE Act: Prior Beneficiary Designations
Beneficiary designations can be deceptively simple. But their simplicity is sort of like an iceberg. Danger lurks beneath those tranquil waters, both for the client and the attorney. Designations for IRAs and retirement plans can be particularly complicated, especially after the SECURE Act. This … [Read more...] about SECURE Act: Prior Beneficiary Designations
Inheritance Planning for People With Disabilities
Many people look at estate planning as a one-sided affair that revolves around the decisions that are made by the person leaving the inheritances. In fact, this is half of the equation, because you should also consider the recipients when you are developing your plan. There are different asset … [Read more...] about Inheritance Planning for People With Disabilities
SECURE Act: Eligible Beneficiary Designations
Beneficiary designations can be deceptively simple. But their simplicity is sort of like an iceberg. Danger lurks beneath those tranquil waters, both for the client and the attorney. Designations for IRAs and retirement plans can be particularly complicated, especially after the SECURE Act. This … [Read more...] about SECURE Act: Eligible Beneficiary Designations
