fbpx

Personal Relationship Contracts: Prenuptial, Postnuptial and Cohabitation Agreements


If you are getting married, already married, or just living with your significant other, you might consider making an agreement with your partner to clearly define your rights with respect to your separate and jointly-held property. Each of these personal relationship contracts can be briefly explained as follows: The Prenup. A prenuptial agreement, or premarital […]
Read More

Protecting Your IRA


With the downturn in the economy, it is hardly surprising that creditors are getting more aggressive and creative in their efforts to reach the assets of debtors. There have been several cases recently which resulted in creditors successfully seizing a beneficiary’s interest in an inherited IRA. To give the reader some perspective, assets held in […]
Read More

The Big Fish


Central on the mind of estate planners around the country is the status of the federal estate tax. Firms around the country, including our own, have made changes to clients’ plans to take into consideration the possibility that if a client with an otherwise taxable estate were to pass away during 2010 prior to Congress […]
Read More

Estate Plans Come in All Sizes


Many times people will tell me they don’t need to prepare estate planning documents because they don’t have an “estate.” My response is simply, “you don’t have to have a significant amount of assets to need an estate plan.” Take a moment to ask yourself the questions below to see if you need to consider […]
Read More

Two More FLP Cases: Taxpayers Prevail Both Times


While litigation never ceases in the family limited partnership (“FLP”) area of tax law it is exciting to report on two recent taxpayer victories. First Victory—Estate of Samuel P. Black, (TC, Dec. 2009). In this case, the decedent set up an FLP—Black, LP—and then transferred stock in a corporation (“Erie”), which was also his employer, […]
Read More