Recently, the Florida Supreme Court used a phrase we do not often hear in court opinions to describe a decedent’s actions in planning her estate: “Penny-wise and pound-foolish.” Just what prompted the Court to use this cautionary axiom? It was a woman’s use of an E-Z Lega...
Continue Reading
A recent Bloomberg.com article noted that some of the nation’s wealthiest families are renting addresses in South Dakota. Why? So they can shelter wealth from the Federal Government by limiting or avoiding the Federal Estate Tax and the Federal Generation Skippin...
Continue Reading
By this time, the tragic death of actor Philip Seymour Hoffman at age 46 has fallen out of the news headlines. Looking beyond his celebrity and the shock of his untimely death, we now know that this unfortunate event leaves the rest of us with the chance to consider how b...
Continue Reading
When you established your irrevocable trust, the purpose was to guarantee your wishes were carried out even if your beneficiaries did not fully appreciate the terms you selected for the trust. There are times, however, when changed circumstances mean your well-planned tru...
Continue Reading
You may have heard a wide variety of advice about probate in Nevada and how to use your estate planning to avoid being subject to the probate process. Generally, a good way to avoid the probate process is by using a Trust. It is not the only way, however. Thus, when plann...
Continue Reading