Advanced Strategies

Typically used in estates requiring estate tax planning, there are many fascinating approaches and strategies to help reduce or eliminate estate taxes.

Follow-Up Answers to “Revocable Living Trusts in a Nutshell” Webinar

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Online Presentation This past Monday, I gave a 90-minute webinar entitled “Revocable Living Trusts in a Nutshell”.  It was sponsored by the good folks at the National Business Institute (“NBI”) and simulcast by West Legal Ed Center.  The course was geared toward a national audience and is approved for Continuing Legal Education (CLE) credit in…

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Disclaimers: When Rejecting an Inheritance is Actually Beneficial

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For 2012 only, anyone who dies with less than $5.12 million will not owe any federal estate tax.  This protection is presently set to decrease to $1 million on January 1, 2013.  While few believe that lawmakers won’t increase this amount before the end of the year, anything is still possible.  Read more...

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Lending Money to Family – Don’t Forget About “Imputed Income”

IRS Commissioner Douglas Shulman Addresses The AICPA Annual Conference

Let’s say you want to lend a significant amount of money to your child, another family member or even a friend.  To further help, you decide that you want to make the loan without interest (or at a below-market rate).  Bully for you – you should be commended for your support and assistance to your…

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14 Advanced Ways to Transfer a Personal Residence to Your Heirs

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Yesterday’s post covered 13 options for homeowners wanting to transfer their personal residence (“PR”) within their circle of family or friends after death.  Today, we continue the discussion by presenting 14 additional options more appropriate for families that are anticipating an estate or gift tax liability in the future.  Read more...

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Last Week in Estate Planning (September 18 to September 24, 2011)

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This past week, there were several posts and articles that provided helpful information in terms of estate administration and the nuts and bolts regarding the transfer of decedent’s property to their rightful heirs. Top Posts and Articles of the Week Post of the Week Estate Auctions Aren’t Just for the Rich and Famous, Julie Garber,…

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Last Week in Estate Planning (September 11 to September 17, 2011)

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This past April top estate planning blogger David A. Shulman, Esq. opined that “[t]he #1 Estate Planning blog is and continues to be Texas Tech Univ. School of Law Professor Gerry Beyer’s ‘Wills, Trusts & Estates Prof Blog.’  It is, and continues to be, essential reading for anyone in the profession.”  Read more...

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Last Week in Estate Planning (September 4 to September 10, 2011)

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So I just saw “Contagion”, the movie released last week about the effects of a global pandemic.  While it certainly had a “could this really happen” feel to it, it also produced skeptical “who is going to profit from scaring the public due to the depicted realism” thoughts as well.  Read more...

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Last Week in Estate Planning (August 28 to September 3, 2011)

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Now that all the earthquakes, hurricanes, and back-to-school preparations appear to be out of the way, we can get back to some good ol’ estate planning reading! Much of last week’s best works seem to have come from traditional media resources.  Take a look: Top Posts and Articles of the Week Post of the Week…

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Last Week in Estate Planning (August 14 to August 20, 2011)

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There were many excellent blog posts last week.  Some of the topics you see linked and discussed below may contain some unfamiliar topics, but all provide excellent introductions to the given subject. Top Posts and Articles of the Week Post of the Week To Stretch and Protect: The Goal of a Retirement Trust, David E.…

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Last Week in Estate Planning (July 31 to August 6, 2011)

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As stated here, the reason this blog showcases the excellent posts and articles about estate planning is an attempt to make the topic more accessible and less intimidating.  However, it has been suggested that I am linking to far too many sources each week, and that this fact actually works against the original goal.  Read…

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