Doria D. Aronson has written "United States: Know the Law - Paying Gift Tax" In the Manchester Union Leader. The article makes four suggestions to minimize the impact of the gift tax. They are:1) Pay for your children's education. Tuition...
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Jane Hodges has written "First-Time Buyers Lean on the Bank of Mom and Dad" at Reuters. The article discusses the frequency and nature of familial assistance to first-time home buyers. Nearly one-third of first-time home buyers received help from their...
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Wendy S. Goffe made available a book chapter on health care directives and the various religious implications associated with the directives. See Wendy S. Goffe, "An Estate Planners Roadmap to the Valley of the Shadow of Death," ssrn.com (Nov. 03,...
In a survey, wealthy Americans stated they did not trust their heirs with managing the inheritance. Ironically enough, nearly all plan to leave their wealth to their heirs. As well, sixty percent of wealthy Americans stated they would need professional...
The Wealth Strategies Journal has posted a new article entitled, "Avoiding a GSTT Asteroid," by Robert Moshman, Esq.Article excerpt:"The odds that an estate will run afoul of the generation skipping transfer tax (GSTT) may be rather slim nowadays, but...
It's natural for a parent to admire certain qualities of one child over those of another. However, playing financial favorites between children or grandchildren may give off an unwanted impression and create emotional enmity between children. This is especially true if it is...
Mark Miller recently published an article discussing how financial advisors can protect their aging clients' finances. This issue is very important, especially when you consider that $18.1 trillion of the $53.1 trillion dollars in U.S. household net worth is held...
In "Full Nest Syndrome", Suzanne McGee writes about the ways still-dependent adults can wreck their parents formerly sound financial plans. The article suggests that wealth managers should be more involved in discussing the financial demands of adult children. Many financial requests...
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In a New York Law Journal article, Abby Tolchinsky and Ellie Wertheim discuss how creative parenting agreements are needed for same-sex couples. The article discusses how even with the Marriage Equality Act passed in June 2011 in New York, the...
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The Wills, Trusts & Estates Prof Blog has published an article by Gerry W. Beyer titled "New Hampshire Supreme Court Rules that Discretionary Trust Interest is Expectancy, Not Subject to Equitable Distribution on Divorce." In his article Beyer discusses the...
Deborah Jacobs detailed the extensive legal and financial hurdles same sex couples face, many of them stemming from the 1996 Defense of Marriage Act. Same sex couples are legally forbidden from doing things their heterosexual counterparts take for granted such as...
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Scott Martin at "The Trust Advisor Blog" posted "Zsa Zsa's Heirs from Past Marriages Line Up at Deathbed, Get Ready for Probate Court". The 94 year old socialite has had a litany of divorce filings and a legion of heirs...
Continue reading "Zsa Zsa Gabor's Predictably Convoluted Estate"
Jeanne Bernick has published "A Retirement Plan You Can Bank On" on AgWeb, describing retirement planning for a family with substantial agricultural assets. She lists 5 important goals for retirement planning. They are;Analyze retirement income and expenses, including noncash benefits...
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In "Follow The Rules When Giving The Gift of Stock" in the Nevada Appeal, John Bullis, CPA, describes ways to gift stock without incurring unnecessary tax levies.Posted by Michael Nissenbaum, Assocaite Editor, Wealth Strategies Journal. ...
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In the Washington Post article "The Tax Law That Could Make Your Grandchildren Super Rich" Karen Hube describes how Congress' expansion of the generation-skipping transfer (GST) tax exemption to $5 million until 2013 plus the lifting of...
