Posts Tagged ‘ planning strategies ’

Interview: Young Adult With Digital Assets But No Will

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It has been said that young adults without significant assets do not need a will.  In response, I present an interview with my friend “F”. F is in her mid-20s.  She has full-time employment and also runs a side photography business.  She is single and childless, but she has a serious boyfriend.  Her divorced parents…

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The Changing Virginia Code: When You’ll Do Nothing And Like It

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Today, we will discuss a fairly unique circumstance that has emerged as a result of the pending changes in the Virginia Code.  Many existing Virginia wills and trusts reference specific sections of the current Virginia Code.  Since many Code sections will be renumbered this October, will your existing estate documents thereafter be referring to obsolete…

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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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Maybe Joe Paterno’s House Transfer Wasn’t So Dumb After All

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“You see my husband as a saint, so he must be right in everything he says and does.  And then you see him as a devil, and everything he says and does must be wrong.  Well, my husband is neither a saint nor a devil.  He’s just a human being and he makes mistakes.”  Read…

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Consider Digital Estate Planning Services

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NOTE:  I am proud to announce that my post below also appears in the January 2012 edition of the WealthCounsel Quarterly Newsletter, linked here.  While written mainly for estate planning practitioners, this overview is also hopefully helpful to anyone with any digital assets.  Enjoy, and Happy New Year!  Read more...

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

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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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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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Estate Planning Post of the Week (May 27 to June 2, 2011)

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Introduction (or Why Do We Need an “Estate Planning Post of the Week”?) I have always found it interesting that when it comes to death planning, significantly more people view life insurance as a higher priority than estate planning.  Read more...

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5 Unconventional Estate Planning Tips (and Why They are Right)

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I hesitated to write this post for fear that many would be distracted over this weekend.  However, now that it is after 6 P.M. on May 21, 2011, and we seem to have avoided and survived the rapture, I can help return your focus to arguably more mundane concerns.  Read more...

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1600 Words about a 100-Word Addition to Virginia Trust Law (Part III)

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In the first two parts of this topic, we covered the attempt to unify trust law throughout the United States and Virginia’s brief new amendment to its version of the Uniform Trust Code.  Now, to close the loop, we conclude by giving further detail to two important types of marital deduction trusts briefly mentioned in…

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