Leimberg Report: Decanting Disasters and More!

The following notable updates were posted on Leimberg for the week of March 9- 15, 2015:

  • Steve Oshins on In re Petition of Johnson: Decanting Gone Wrong! (Estate Planning Newsletter) Decanting has become one of the most important estate planning techniques. But what happens if you don’t follow the rules? Steve Oshins updates us on a new decanting case, In re Johnson, 2015 NY Slip Op 30017 (N.Y. Surr. Ct., 2015), the opinion of which was issued on January 13, 2015.[i]
  •  Carl Einhorn & Steve Leimberg: What Every Professional Should Know About LTCI in 2015 (Elder Care Law Planning Newsletter).
  • Chris Riser & Jay Adkisson on Wells Fargo Bank v. Barber: U.S. District Court Allows a Creditor to Obtain a Charging Order and Foreclose Against a Debtor’s Interest in a Nevis LLC (Asset Protection Planning Newsletter). The U.S. District Court for the Middle District of Florida held that under Florida law a creditor may obtain a Charging Order against a debtor’s interest in a Nevis LLC, and foreclose on that interest, declining to extend the Florida state appellate ruling in Sergeant.
  • Chuck Rubin on “Repeal and Replace” – The Terms of the Coming Political Battle Over the Affordable Care Act Obtain Focus with the “CARE” Act (Income Tax Planning Newsletter).  Several prominent Republican Senators issued a description of the first comprehensive Republican alternative to the Affordable Care Act. We are likely to see many of the proposals in the proposed CARE Act debated in the 2016 election season.

See full Leimberg Reports at Leimberg Information Services.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.