Uncategorized

/Uncategorized

New Federal Law Aid Persons with Disabilities ABLE ACT Becomes Law

Achieving a Better Life Experience Act (ABLE ACT) On December 19,2014 President Obama signed into law the Achieving a Better Life Experience Act (ABLE ACT) with significant bipartisan support. The intent of this Act is to solve the problems individuals face in finding and holding employment and living independently because their access to certain safety [...]

By | 2016-11-16T20:33:19+00:00 January 16th, 2016|Uncategorized|0 Comments

Five Bad Reasons to Delay Writing Your Will

Various surveys indicate that more than 40 percent of Americans over age 55 ― and half of Americans with children ― don’t have a will. Following are five common reasons people give for their delays, and why they are poor excuses for not organizing an estate: I’m not wealthy enough to need a will. An [...]

By | 2016-11-16T20:33:19+00:00 January 16th, 2016|Uncategorized|0 Comments

The Revocable Living Trust

Revocable living trusts, also known as inter-vivos trusts, are prepared for individuals and couples with sufficient property to alleviate the burdens and expenses of the probate process, and who wish that information about their assets and testamentary wishes be kept private. Like all legal documents, there are certain elements that a revocable living trust must [...]

By | 2016-11-16T20:33:19+00:00 January 16th, 2016|Uncategorized|0 Comments

Can I Prepare My Will on My iPad?

Javier Castro’s last will and testament, drafted at his deathbed on his brother’s Samsung Galaxy tablet, was recently found valid by an Ohio court. The electronic will was signed and witnessed with a stylus, and this was sufficient to meet the requirements under Ohio law, which states only that a will be a written document [...]

By | 2016-11-16T20:33:19+00:00 January 16th, 2016|Uncategorized|0 Comments

International Issues in Estate Planning: When Your Spouse Is Not a U.S. Citizen, Part II: The QDOT

The unlimited marital deduction allows a person to transfer any amount of funds to a spouse free from tax. However, if your spouse is not a U.S. citizen, your estate cannot use this marital deduction without a Qualified Domestic Trust (QDOT). QDOTs were designed to stop noncitizen surviving spouses from leaving the country with a [...]

By | 2016-11-16T20:33:19+00:00 January 16th, 2016|Uncategorized|0 Comments

International Issues in Estate Planning: When Your Spouse Is Not a U.S. Citizen, Part I: General Estate Planning Considerations

When it comes to estate planning, one size doesn’t fit all, especially if your spouse is not a U.S. citizen. This is the first of two blog posts focusing on what you need to be aware of if your spouse is a noncitizen. If your estate is below the federal estate tax exclusion threshold ($5,250,000 [...]

By | 2016-11-16T20:33:19+00:00 January 16th, 2016|Uncategorized|0 Comments

Understanding Estate Tax Thresholds

George Steinbrenner had great timing. He was born on the Fourth of July and died in 2010, a year that there was no estate tax in the country. If Steinbrenner had died in 2009 when the estate tax threshold was $3.5 million and the rate 45 percent, the billionaire’s heirs would have had to pay [...]

By | 2016-11-16T20:33:19+00:00 January 16th, 2016|Uncategorized|0 Comments