Wealth Strategies Journal

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Update on ABLE Accounts in Maryland

Pessin Katz Law P.A. has made available their thoughts on ABLE (Achieving a Better Life Experience) accounts in Maryland, which provides benefits for the parents of special needs children.

The article beings as follows:

PK Law previously reported on the advent of ABLE (“Achieving a Better Life Experience”) accounts (the

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Probate Lending by David Horton

David Horton and Andrea Chandrasekher has made available for download their article, “Probate Lending,” published in the Yale Law Journal, Vol. 126.

The Abstract begins as follows:

One of the most controversial trends in American civil justice is litigation lending: corporations paying plaintiffs a lump sum in return for a

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4th DCA: Can a probate judge use his “equitable powers” to override our Probate Code? by Juan C. Antúnez

Juan C. Antúnez references the case of Oreal v. Steven Kwartin, as a case study to argue for the necessity of legal certainty and following the Probate Code with the goal of avoiding gratuitous litigation. An excerpt from the post reads,

Bottom line, our Probate Code might seem harsh at times (it is), but

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A Review of Alexander A. Bove, Jr., Trust Protectors: A Practice Manual with Forms by Richard Ausness

Richard Ausness has made available for download his article “A Review of Alexander A. Bove, Jr., Trust Protectors: A Practice Manual with Forms,” published in the Quinnipiac Probate Law Journal, Vol. 29, No. 2.

Read the Abstract here:

Alexander Bove has recently written a thoughtful, comprehensive and practical book entitled

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What is Reasonable? Determining Fiduciary Fees in Massachusetts

By Amy R. Lonergan and Joshua S. Miller

For an attorney in Massachusetts, serving as a personal representative or trustee (“fiduciary”) for a trust or estate can be a rewarding and fulfilling role. However, there are numerous pitfalls for an attorney when setting and collecting his or her fees for … Continue reading

The Florida Fiduciary Access to Digital Assets Act by Juan C. Antúnez

In his post, Juan C. Antúnez comments on a new Florida law – passed as Senate Bill No. 494 – that makes it easier for personal representatives to gain access to digital data after an accountholder passes. Antúnez explains,

The Florida Fiduciary Access to Digital Assets Act accomplishes two purposes.

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How Life Insurance Loans Really Work and How It’s Problematic to ‘Bank on Yourself’

Michael Kitces discusses the various risks and benefits involved with life insurance loans and why it’s better not to ‘bank on yourself’.

The article beings as follows:

A popular feature of permanent life insurance is that it accumulates cash value that can grow over time – ensuring that if the policy

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Attorney Client Privilege: Your phone number is all a hacker needs to read texts, listen to calls and track you

In his article, Samuel Gibbs discusses the growing threat from hackers and their use of a software called Signaling System No. 7. With just a phone number, hackers have the ability to access one’s personal phone calls, texts, and even track location.

Read the full story here:  Your phone number Continue reading

Rubin on Tax: Income Tax Assessment on Beneficiary Allowed Even Though the Statute of Limitations Had Expired

Charles Rubin discusses the case of Sally Costello v. Commissioner. The case shows how the IRS was able to assess income taxes against two trust beneficiaries even though the statute of limitations for assessment has expired due to the mitigation provisions of the Internal Revenue Code.

The article begins as … Continue reading

By Regina A. DeMeo: Is Your Wedding Budget Realistic?

Welcome to wedding season in the DC Area, which according to the Washingtonian Magazine enjoys revenues of over $1 Billion a year thanks to all the brides and grooms that choose to tie the knot here.  The average cost for a wedding in the U.S. is about $25,000, although in … Continue reading

Rubin on Tax: Post-Death Action Reduced Amount of Estate Tax Charitable Deduction

In his article, Charles Rubin discusses the case of Victoria E. Dieringer’s estate which included a majority stake in a real property management corporation that was left to a private foundation. He explores the circumstance in which a property is transferred to a charitable organization and the tax deduction is … Continue reading

Life Insurance and Retirement Plan Benefits: Are Your Clients Achieving Their Intended Goals by Albert Feuer

Albert Feuer has made available for download his article, “Life Insurance and Retirement Plan Benefits: Are Your Clients Achieving Their Intended Goals,” published in the NYSBA J. 28.

Read the Abstract here:

A substantial part of the assets of many individuals consists of benefits from life insurance and retirement plans

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Wills Above Ground by Thomas E. Simmons

Thomas E. Simmons has made available for download his article “Wills Above Ground,” published in the Elder Law Journal, Vol. 23, No. 2.

Read the Abstract here:

With the widespread adoption of electronic court filing systems comes the ability to more easily and efficiently peer into the rich data of

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Rubin on Tax: Out of State Homestead Exemption Void Florida Exemption

In his article, Charles Rubin discusses the case of Venice L. Endsley v. Broward County regarding the constitutionality of denying exemption to the spouse of a person who sought exemption in another state.

Check out his thoughts here:

Florida exempts a portion of a Florida homestead from ad valorem tax.

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By Regina A. DeMeo: 4 Challenges That Can Make Or Break A Marriage

A lot of people these days focus on how lucky you have to be to attract the right person, but really shouldn’t the focus be on what it takes to keep a relationship intact? When you talk to couples that have been together for decades, you can see a clear … Continue reading

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