Independent or Supervised Administration?

Estate planning is full of choices; some big, some small. On occasion, you’ll run into one of those choices that looks small–if you read over someone’s will, you might miss this choice–that could become big when it’s time to administer your estate. Today, we’re going to talk about one of those choices: independent administration or … Read more

Estate Planning for Same-Sex Couples in a Changing Legal Environment

Note: As this post indicates, the legal environment concerning same-sex couples is a changing one, and on June 26, 2015, the U.S. Supreme Court released its opinion in Obergefell v. Hodges, which held that states must license and recognize marriages between two people of the same sex. That means that a lot of this post … Read more

Should You Avoid Leaving Your IRA to Beneficiaries Who Are Considering Bankruptcy?

The short answer: possibly, depending on where your beneficiaries are located. Over the summer, the U.S. Supreme Court took on the question of whether or not an inherited IRA is exempt from a debtor’s bankruptcy estate in Clark v. Rameker. The Supreme Court held–unanimously–that an inherited IRA is not exempt from a debtor’s bankruptcy estate, … Read more

How to Be a Good Agent Under a Power of Attorney

We’ve discussed the planning side of a power of attorney before, but what if someone (we’ll call this someone the “principal”) appoints you to serve as their attorney-in-fact in a power of attorney? First of all, congratulations! I’m not kidding! Someone has enough trust in you to appoint you to handle their affairs. I think … Read more