Category Archives: Estate Planning

Estate Planning Must Be Ongoing

When the American Taxpayer Relief Act was enacted in January 2013, it all but eliminated the concern over the estate and gift taxes for many Americans by making the $5,000,000 exemption (indexed for inflation) permanent. (Note: The exemption for 2016 … Continue Reading

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What Can Prince Teach Us about Estate Planning?

Shock and sadness over Prince’s recent death was quickly followed by a big question. As a Los Angeles Times oped headline asks and answers: “How could someone rich and famous like Prince die without a will? It’s not unusual. Just … Continue Reading

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Robo-Advisors Are Grabbing Headlines

But according to a new Spectrum study, the business model is still new to most investors. When asked to rate their familiarity with various investment terms on a scale of 0 to 100, where 0 is not at all familiar … Continue Reading

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Try a Family Meeting on Your Summer Vacation

Summer’s around the corner and for many families that means vacation time. Particularly if your family is one of the five million the Travel Industry Association estimates enjoy vacations with three generations or the one third of summer travelers who attend … Continue Reading

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Lessons from Philip Seymour Hoffman

With the current $5.34 million federal estate tax exemption, has estate planning lost its urgency? Of course, estate taxes still come into play for many wealthy Americans, like the Academy award-winning actor Philip Seymour Hoffman. Unfortunately Hoffman’s untimely death illustrates … Continue Reading

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Ignoring Estate Planning Can Be Costly

The early and unexpected death of the actor James Gandolfini triggered another high profile estate planning disaster. Gandolfini, who starred in the acclaimed HBO series The Sopranos from 1999 to 2007, died at age 51 after suffering a heart attack … Continue Reading

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How to Keep It All in the Family

I read recently where Jamie Johnson, an heir to the Johnson & Johnson fortune, shared in his documentary “Born Rich” that he was clueless about the extent of his family’s wealth until a classmate told him (and the rest of … Continue Reading

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Do You Have An Estate Plan?

As copywriters well know, when you reference learning in a headline, readers’ interest tends to perk up. Add a mention to the “rich and famous,” and you really generate interest. So, “Lessons of the Rich and Famous . . . … Continue Reading

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Tick, Tock on Estate Planning Opportunity

One of life’s certainties — taxes — is a little less certain in 2012. It’s increasingly unlikely Congress will address the expiring Bush tax cuts before the November elections. Instead, the debate will be left to a lame-duck Congress, or even … Continue Reading

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Is Now a Good Time for Wealth Transfers?

Our ever changing tax laws seem perpetually riddled with sunset clauses. And that makes estate planning opportunities fleeting. For instance, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (TRA), increased the federal gift tax exclusion to … Continue Reading

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