Probate & Estate Administration
In a surprise announcement, the IRS has recently declared, in Revenue Procedure 2017-34, effective June 9, 2017, that there is now an extended time for estates to file for portability and preserve the unused spousal exclusion. This applies to estates where there is a...
Estate Planning / Wills & Trusts, Probate & Estate Administration
One question I get asked fairly often is: “Can I put my assets in a trust and shelter them from my creditors”? Until recently, my response has been “probably not” unless you want to put them in an “off-shore” entity or place them in trust in another state (such as...
Probate & Estate Administration
The primary purpose of a Will is to indicate the disposition you would like to make of your property at the time of your death. In order to make sure your wishes are carried out, the Will must be filed with the County Probate Court and “probated.” In probate, the...
Probate & Estate Administration
One of the best hitters of all time was Ted Williams. When he passed away in July, 2002, his children fought over the disposition of his remains. (He wound up beheaded and his head was cryogenically frozen in the hope that sometime in the future a cure will be found...
Probate & Estate Administration
Most people today have some type of digital or on-line account where they store a variety of information including photos, bank, brokerage and related financial accounts, Pay Pal accounts, and the like. For security reasons, this information is usually password...
Probate & Estate Administration
The recent death of the iconic pop singer Prince has put a focus not only on the performer and his music but also on the need for estate planning. As you may have read, Prince died without a Will; i.e. intestate. What this means, from a practical standpoint, is that...
