20 Reasons Estate Planning Lawyers Are Not Professional Athletes

November 4, 2011
20 Reasons Estate Planning Lawyers Are Not Professional Athletes

Former Philadelphia Phillie John Kruk once said to a fan, “Lady, I’m not an athlete.  I’m a professional baseball player.”  Well, if you ever run into that same lady, you can also tell her these 20 reasons why estate lawyers can almost claim the same thing:  Read more... Desks don’t fit well on the field…

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14 Advanced Ways to Transfer a Personal Residence to Your Heirs

November 1, 2011

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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13 Effective Ways to Transfer a Personal Residence to Your Heirs

October 31, 2011

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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Digital Estate Planning: Is the U.K. Ahead of the U.S.?

October 21, 2011

Cloud computing is the ever-growing system of online companies providing services online as opposed to providing them through software that you would install on your own computer.  In “the cloud”, everything from applications to storage to infrastructure is provided online, thereby giving users the ability to find their data on any networked computer, smart phone…

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5 Options for Individual Beneficiaries of an Inherited IRA

October 17, 2011
February 5, 2010 - Paperwork

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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One State’s Brochure Against Living Trusts: How ‘Bout Them Apples?

October 11, 2011

A colleague recently sent me a link to this pamphlet,  “Living Trusts:  Get the Facts!” from the Estates and Trusts Section of the Maryland State Bar and the Register of Wills Association of Maryland, circa 2004.  I did not even have to click on the link, because I was already well acquainted with it.  Read…

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Announcement Re: “Last Week in Estate Planning” Posts

October 10, 2011

After some consideration, I have decided to reduce the frequency of my “Last Week in Estate Planning” posts. I will instead create such posts once a month.  I am doing so for several reasons. First, I have received feedback that linking to ten or more other posts each week, while nice, is too much to…

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