Articles
“Portability” of the Federal Estate Tax Exemption – What does it Mean? Copy
With the political and economic climate as it is in the summer of 2008, we are not likely to see total repeal of the federal estate tax in the foreseeable future. However, both Republican and Democratic Presidential candidates support estate tax reform. Realistically,...
Attorney John Buckley Featured in Colorado Springs Business Journal
Click to read Covid-19: Challenges, opportunities for law firms featuring comments by Estate Planning Attorney John Buckley. Covid-19: Challenges, Opportunities for Law Firms
Seven Trust-Based Asset Protection Strategies for You and Your Family
You don’t have to make your family’s assets easy for creditors to reach. Protecting your hard-earned assets for the benefit of yourself and your family can be accomplished through careful planning. These seven trust-based asset protection strategies can put...
Yes, Your Family Needs Asset Protection Planning
If you’re like most people, when you hear “estate planning” or “asset protection planning,” you think of someone like JR Ewing of the 1978 show Dallas, Bill Gates, or the Kennedys. WARNING: Common Misconception A very common misconception is only wealthy families and...
Asset Protection Planning for the Modern Client
Only the very wealthy and those in high-risk professions need asset protection planning, right? That’s a myth. In reality, we all need asset protection. Why? Because we all can be sued and lose everything we have. A car accident, business failure, foreclosure,...
How to Protect Inherited IRAs After the Clark v. Rameker Decision
The Wealth Advisor Issue
In a landmark, unanimous decision handed down on June 12, 2014, the United States Supreme Court held that inherited IRAs are not “retirement funds.”
How to Protect Inherited IRAs After the Clark v. Rameker Decision
The Wealth Counselor Issue
In a landmark, unanimous 9-0 decision handed down on June 12, 2014, the United States Supreme Court held that inherited IRAs are not “retirement funds” within the meaning of federal bankruptcy law.
Warning: What You Don’t Know About Income Tax Basis Could Hit Your Bottom Line
Income tax basis may not be the most exciting topic to read about. However, it is a critically important topic to anyone who owns significant assets. Gaining an understanding of the basics of basis is a way to avoid costly mistakes. The Real Meaning of Basis...
How to Avoid a Basis Management Disaster
Many of us in the legal, financial and accounting worlds discover our new clients’ well-intentioned, yet disastrous, plans after the fact. The widow has already transferred her house into her children’s names or an inherited IRA is drained to pay for a Porsche. ...
Portability and Married Couples: No Downside
Portability laws and the opportunities they create have significantly increased advisors’ roles in estate planning. No longer is the standard credit shelter trust (with QTIP or outright distribution to spouse) the only way for married couples to plan. Now, CPAs,...
Articles
“Portability” of the Federal Estate Tax Exemption – What does it Mean? Copy
With the political and economic climate as it is in the summer of 2008, we are not likely to see total repeal of the federal estate tax in the foreseeable future. However, both Republican and Democratic Presidential candidates support estate tax reform. Realistically,...