What Does “Do Not Resuscitate” Mean to You?

Everybody seems to know (from popular TV shows, if nothing else) that DNR means “Do Not Resuscitate”, but do you know what “Do Not Resuscitate” means in your own personal healthcare directive or living will? Too often, when talking with clients about the healthcare documents in their estate plans, they don’t know the extent of […]

Your Estate Is Ready For The Kids, But Are The Kids Ready For Your Estate?

Download PDF of this article here: Your Estate Planning Checklist Many parents spend a lot of time and money ensuring that their estate will go to their children exactly when and how they want it to; they work with the best advisors to create a plan that will transfer their assets as smoothly as possible […]

Your Will May Be a Ticking Time Bomb

The recent repeal of the estate tax is having unintended consequences for responsible husbands and wives who already had a will or trust in place to protect their spouse and family—instead of protecting them, that existing will could now end up leaving surviving spouses with nothing.  Jonnelle Marte at the Wall Street Journal has this […]

Where Can Seniors Find “Home Sweet Home”?

Where you live is a defining aspect of your character throughout your life.  Your “hometown” often plays a large part in the formation of your character; as adults we decorate our homes to reflect our interests, hobbies and loves; and the neighborhoods in which we choose to raise our children (city, farm, suburb) tell us […]

Why Do We Need the States Permission to Get Married Anyway?

Here in California, the trial on Proposition 8 banning same-sex marriage is under way in federal court.  The Wall Street Journal Legal Blog uses this time in history to write about the reasons the State is involved with marriage to begin with.  You can read the full story here. The Wall Street Journal interviewed  Stephanie […]

Another Kind of “Bucket List”

Among the many changes in tax law to go into effect in 2010 was the change in cost basis for inherited assets. Previously, all inherited assets were “stepped-up” from their original value at date of purchase to their fair market value at date of death. In this way, if inherited assets were sold shortly after […]

Will You Take Advantage of New Roth Rollover Rules?

January of 2010 has brought with it a lot of change that is keeping financial and estate planners on their toes. In addition to the repeal of the estate tax (discussed in a previous post), we have been presented with new Roth IRA rollover rules that took effect January 1st, and which now allow anybody, […]

Part of the Family: Planning for Pets

Creating an estate plan often involves serious discussion with your advisors about tax planning, asset protection, and charitable giving; but it is important to remember that at its core, estate planning is about protecting your family—and as this article in the Wall Street Journal reminds us, for many people the word “family” also includes our […]

12 Steps to Take if You Are Thinking About Divorce

  Minnesota Divorce & Family Law Blog has a very good list in its Staying Ahead of the Curve: 12 Proactive Steps To Take If You Are Contemplating Divorce To help avoid the mess, we’ve assembled a list of 12 things you should gather to ensure that you have all of critical information in hand […]

Keep Your Estate Safe in 2010

Now that it’s 2010 and congress has failed to take action regarding the repeal of the estate tax, we see a lot of articles discussing whether the lack of taxation for a year is a good or bad thing; sometimes these articles go even further, arguing whether estate tax in general is a good or […]