Newly Proposed Gifting Rules May Affect Your Estate Plan

Michael Kling  |  April 17, 2015

If you have never heard of the Federal “Greenbook,” you are not alone. We want to introduce you to this publication because its information could seriously affect your estate planning. The “Greenbook” is simply the nickname given to the Treasury Department’s yearly “Gener...

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What to Do When Someone Close to You Dies

Michael Kling  |  March 18, 2015

When someone close to you passes away, the initial reaction is usually shock. Even when the death was expected, the actual event may leave you feeling unprepared. Often, when you receive this news, it is because you are the “responsible” person—the surviving spouse, the “...

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Estate Planning During Divorce and Remarriage

Michael Kling  |  February 13, 2015

Going through a divorce versus a remarriage are generally considered two opposite experiences. These are, however, both major life stressors that can be made easier by dealing with something that seems mundane—your estate plan. No matter where you are in the divorce or re...

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IRAs and Trusts: A Good Combination?

Michael Kling  |  January 15, 2015

A recent unanimous Supreme Court decision has rekindled the debate about whether it is better to inherit an IRA in a trust or receive the IRA assets outright. The decision in this case, Clark v. Rameker, in a nutshell, held that an inherited IRA is not an exempt ...

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Medicaid and the Miller Trust (aka Qualified Income Trust)

Michael Kling  |  December 11, 2014

Lately, we have received several inquires about Medicaid planning and the use of a “Miller Trust” to qualify for nursing home benefits. Since this seems weighing on people’s minds, we wanted to address the concept and provide you with some important information about Medi...

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