Estate Planning 101

An overview of estate planning, including discussions about intestacy, probate, asset ownership and estate taxes.

Last Month in Estate Planning (October 2011)

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The following is a summary of popular topics discussed in estate planning blogs and articles last month. Federal Estate and Gift Tax Updates The IRS announced that for 2012, the federal estate tax exclusion will increase to $5,120,000 (it was $5 million in 2011).  As Julie Garber of about.com notes, this means that the lifetime…

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13 Effective Ways to Transfer a Personal Residence to Your Heirs

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Whether or not you own your personal residence with a spouse, there always exists the potential that a non-spousal heir could end up with it.  Because we really don’t know what the future holds, it is important to decide what should happen if something happens.  Read more...

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5 Options for Individual Beneficiaries of an Inherited IRA

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In this post, we discuss what specifically happens when an IRA account holder dies.  What choices does the individual beneficiary have? Here, we’ll start with the individual (i.e. human being) beneficiary’s options for distributing Traditional or Roth IRAs (other types of IRAs, such as SEP IRAs, SIMPLE IRAs, and Self-directed IRAs, are beyond the scope…

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Single? Have Less Than $1 Million? Why You Still Need an Estate Plan

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It is certainly easy for the estate planning lawyer to say that every adult needs at least a will.  But if we think about it, does the single person with few assets really need an estate plan at all?  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 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 21 to August 27, 2011)

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One thing I enjoy about most of the top estate planning blogs is that they go to the trouble of citing others’ fine work.  In this week’s top 10 posts and articles, you will find several examples of this praiseworthy practice. Top Posts and Articles of the Week Post of the Week Be Mindful of…

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Update: The “Super Committee” and the State of Estate Taxes

Senator Jon Kyl (R-Arizona) - Image via Wikipedia

The Super Committee Congress has recently created a bipartisan “Super Committee” that is tasked with coming up with cutting $1.2 trillion from the U.S. Debt by November 23, 2011.  The Super Committee, also known as the U.S. Congress Joint Select Committee on Deficit Reduction, was created as a result of the recent debt ceiling crisis…

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Last Week in Estate Planning (August 7 to August 13, 2011)

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Top Posts and Articles of the Week Post of the Week James Brown Estate Mess Compromises His Final Wishes, Danielle Mayoras, Esq. & Andrew Mayoras, Esq., The Probate Lawyer Blog:  Famous Fortune Fights!  Read more... Even though James Brown left his $100 million estate to a special trust for needy children, his estate is still…

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