by Leslie Marenco | Jul 31, 2014 | Articles, Celebrity Estates, Estate Planning, High Net Worth, Trusts
After the death of Steve Jobs the rumors started circulating that he was so smart that he even knew how to avoid paying estate taxes better than anyone else. Jobs was smart and he seems to have had an attorney do a great job with his estate planning, but he certainly...
by Leslie Marenco | Jul 30, 2014 | Articles, Case Law, Inheritance, IRAs / 401(k), Non-Probate Asset
It is not often that the Supreme Court provides a clear rule on any aspect of Estate or Financial planning (or even graces our niche with a passing reference), so these occasions call for special attention!! On June 12, 2014, the Supreme Court’s unanimous decision...
by Leslie Marenco | Jul 30, 2014 | Articles, Estate Planning, IRAs / 401(k), Retirement, Uncategorized
Whether you’re inheriting an IRA or aiming to protect your own heirs, you’ve got to learn to dance the IRS jig. Under normal circumstances, barring qualification for an exemption, a distribution from a regular IRA prior to age 59.5 will result in the distribution...
by Leslie Marenco | Jul 17, 2014 | Articles, Estate Planning
Maria Shriver knows the devastation of Alzheimer’s disease firsthand. Her beloved father Sargent Shriver, founder of the Peace Corps and one-time candidate for Vice President of the United States, died of the disease in 2011 after being diagnosed in 2003. Often...
by Leslie Marenco | Jul 11, 2014 | Articles, Estate Planning, Guardianship, Health Care Directive, IRAs / 401(k), Kids Protection Planning, Trusts
It’s no surprise that Americans spend more time planning their summer vacations than they do planning their estate. After all, a vacation is a trip you want to go on, while the eternal “trip” is not. However, wouldn’t you travel with more peace of mind if you knew...
by Leslie Marenco | Jul 8, 2014 | Articles, Asset Protection, Estate Planning
Gifting assets can be a useful estate planning tool if you need to reduce your estate tax bill or for long-term care planning purposes. However, you need to be sure that your gift does not cause any unforeseen problems for you or the person receiving your gift. Here...
