Asset Protection Using a Spendthrift Trust or Discretionary Trust

For many people, an important part of estate planning is protecting the assets of the estate for the estate’s beneficiaries. If your beneficiaries have creditors, or if they could wind up with creditors down the road, asset protection should be of some concern.¬†Odds are, you probably know someone who has a lot of debt. The … Read more

The Alternatives to Disinheriting a Child

The decision to disinherit a child must be a painful decision–oftentimes, a relationship has been broken, maybe beyond the point of being salvaged. These decisions are very personal, and I’ve gotten some negative reactions when I’ve asked folks about those decisions (although I promise I wouldn’t ask if it weren’t important). If you’re preparing an … Read more

IRA Charitable Rollovers Become Permanent

On December 18, President Obama signed the Protecting Americans from Tax Hikes (PATH, because of course every law has to have a cute acronym) Act, which made a variety of tax law changes. Among¬†those changes: making IRA charitable rollovers (also known as “qualified charitable distributions,” which is the more accurate name, so we’re going to … Read more