Last month House Rep. Jim McDermott (D-WA) introduced “The Sensible Estate Tax Act of 2011,” the full text of which is now available here: H.R.
An Irrevocable Living Trust can in some ways be compared to a car without gas: it only works for you when you put something in it. Creating an Irrevocable Trust
The holiday season is here and now may be a good time to start conversations with loved ones about the future and their estate planning needs. As difficult as it
When embattled former Penn State football coach Joe Paterno recently “sold” his home to his wife for $1, more than a few eyebrows were raised.
Typically, retirement plans require that you designate a beneficiary who will receive the asset when you pass. Such assets are considered ‘non-probate’ assets because they
It’s almost Thanksgiving time—time to get together with those you hold dear and remember all the blessing that you and your family have been given. This year, as you sit
A supplemental needs trust (also known as a “special needs” or “(d)(4)(a)” trust) allows a disabled beneficiary to receive gifts, lawsuit settlements, or other funds
In many ways a revocable living trust is similar to a Will: both allow you to leave money and property to loved ones at your
When establishing an irrevocable trust, trustees are often chosen by the persons creating the trust without careful consideration of the qualifications a good trustee should
L’Oreal heiress and head of France’s third-largest family fortune, Liliane Bettencourt, has been forcibly placed under the guardianship of her estranged daughter after a French judge ruled Mrs. Bettencourt’s declining
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