Dear Clients and Friends, Upon the passing of a loved one, many of you are already designated as that persons executor or successor-trustee or both. There are things for you to do, attorney representation is often needed and we are here to help. Our below article provides a … [Read more...] about Being a trustee or an executor?
Dear Clients and Friends, Now that the U.S. Supreme Court has legalized same-sex marriages throughout the country, many gay couples who have lived together for many years are getting married. And while every engaged couple should at least give some thought to a prenuptial … [Read more...] about Same-Sex Couples Should Consider Prenups
Dear Clients and Friends, When setting up trusts for children, grandchildren and other family members, one has a greater ability to limit the beneficiaries’ right to challenge trustees’ decisions in court as a result of a recent U.S. Tax Court decision. Here’s the … [Read more...] about Family Trust Could Prohibit Beneficiaries From Going To Court
Dear Clients and Friends, Did you know that if you buy real estate in the U.S. from a foreign owner, you may have to withhold a chunk of the sale price and send it to the IRS? This is required by a law called FIRPTA (the Foreign Investment in Real Property Tax Act), which … [Read more...] about New rules if you buy real estate from a foreign owner
Dear Clients and Friends, On June 26, 2013 the U.S. Supreme Court issued a decision in United States v. Windsor that significantly affected the estates of same-sex couples and their families. On August 29, 2013, the IRS issued Rev. Rul. 2013-17 providing guidance on how the … [Read more...] about U.S. Supreme Court alters estate planning for gay couples
Dear Clients and Friends, You won’t find many financial advisors advocating dipping into the money in your 401(k) retirement account - and especially while you’re still working. These funds are after all for retirement. Still, using some of what could be a sizeable amount of … [Read more...] about Accessing your 401(k) funds – Loans and Hardship Withdrawls