An Estate Plan is a plan, clever enough for your unanticipated life events and dull enough to think your heirs merited what you left them. Most people perceive a “will” as their estate plan in its entirety. Many also believe that a properly executed will naming heirs to your assets is enough to overcome the […]
Matter of J. Frank Honigman. Court of Appeals of New York, 1960. Matter of Honigman Court of Appeals of New York, 1960 8 N.Y.2d 244, 168 N.E.2d 676, 203 N.Y.S.2d 859 DYE, J. Frank Honigman died May 4, 1956, survived by his wife, Florence. By a purported last will and testament, executed April 3, 1956, […]
ROSA BELLE GILMER v JOHN A. BROWN AND OTHERS Supreme Court of Virginia 186 Va. 630 (Va. 1947) 44 S.E.2d 16 ROSA BELLE GILMER v. JOHN A. BROWN AND OTHERS. Supreme Court of Virginia September 3, 1947 [44 S.E.2d 17] Homer Richey and William Eskridge Duke, for the appellant. Charles H. Houston, Bernard P. Chamberlain, […]
Willa Jaycox BUCKLES et al., Appellees, v. Esther APLEY et al., Appellants 216 Neb. 129 (Neb. 1984) 342 N.W.2d 373 In re ESTATE of Roy MARSH, deceased. Willa Jaycox BUCKLES et al., Appellees, v. Esther APLEY et al., Appellants, Blue Valley Lutheran Homes Society, Inc., a Nebraska nonprofit corporation, Intervenor-Appellant. No. 82-800. Supreme Court of […]
I have a Joint Tenancy scenario to share to better explain the technicalities as well as the pros and cons of using this method of planning… Mary had paid off her mortgage 10 years ago and owned her home free and clear. She had a total estate (total assets minus total debt) valued at far […]
Estate Planning End-of-Year Logjam: Estate Planners Brace for the Onslaught If estate planning or asset protection crossed your mind the last few years, now is time to do something. A few hours could save your family millions as the marginal estate taxes and gift taxes are dramatically increasing in 2013. “If you want to take […]
What is an Independent Retirement Account? What is the difference between inheriting an IRA from a spouse and a non-spouse? What if there is more than on qualified beneficiary in the distribution of an IRA? What is a non-qualified beneficiary? There are typically two types of beneficiaries for an Independent Retirement Account (IRA). A beneficiary […]
Estate Street Partners offers advanced financial advice to ensure maximum asset protection from lawsuits, divorce and Medicaid spend down Click the following link to read Part 1 of our article 2010 Tax Act: Estate Planning & Asset Protection. We discuss in Part 1: How does the 2010 tax laws by Obama affect estate planning for […]
The 2010 tax laws will affect your estate planning strategies. In 2010, President Obama signed into effect the 2010 Tax Act, which has been the most radical change made to the estate-tax system in many years. While the changes are generally positive, much of the advice clients have read or heard from media sources have […]