Trust Planning for Beneficiaries With Addictions
The first step is to point out to the client that this is a different situation than creating a trust for young beneficiaries or beneficiaries with special needs. A solution is creating a separate trust for the benefit of the addict which is tailored to the specific issues involved in addiction.
The first step is to point out to the client that this is a different situation than creating a trust for young beneficiaries or beneficiaries with special needs. A solution is creating a separate trust for the benefit of the addict which is tailored to the specific issues involved in addiction.
By Wayne Buckwalter
Year-End Tax Strategies
As lawyers, it may behoove you to consider involving a trusted, knowledgeable financial advisor to help navigate the investment landscape and determine with you what is best for your client’s financial situation today and into the future.
As lawyers, it may behoove you to consider involving a trusted, knowledgeable financial advisor to help navigate the investment landscape and determine with you what is best for your client’s financial situation today and into the future.
By Michael A. McLaughlin
Estate Planning With Real Estate: Special Issues and Potential Pitfalls
Estate planning attorneys should be cognizant of the above issues whenever an estate plan involves transfers with real estate so they can properly advise their clients.
By Lori I. Wolf and Steven M. Saraisky
Unintended Consequences of ILITs and QPRTs When Clients Divorce
Client confusion over the nature of these estate planning vehicles often results in disappointment and surprise when they realize that the home they think of as theirs isn’t, or the insurance policy they think they own, they don’t.
By Gary B. Botwinick and Noah B. Rosenfarb
Stretch Retirement Funds to Last for a Lifetime
While the 4 percent number is certainly interesting, it is not appropriate to take it as an absolute. It is a great starting point with which to ballpark the withdrawal simulation.
While the 4 percent number is certainly interesting, it is not appropriate to take it as an absolute. It is a great starting point with which to ballpark the withdrawal simulation.
By William Z. Suplee IV
Relief for 2009 Mandatory Retirement Distributions
In recently issued Notice 2009-82, the Internal Revenue Service has provided guidance to taxpayers with respect to their ability to roll over (and therefore avoid tax) on any required minimum distributions they have received in 2009 from certain qualified retirement plans and individual retirement accounts
In recently issued Notice 2009-82, the Internal Revenue Service has provided guidance to taxpayers with respect to their ability to roll over (and therefore avoid tax) on any required minimum distributions they have received in 2009 from certain qualified retirement plans and individual retirement accounts
By Mark L. Silow
