The use of LLCs in estate planning is shaped by a complex interplay of state law, federal tax statutes, and judicial decisions. This program will discuss advanced drafting techniques for LLC operating agreements, focusing on asset protection, tax compliance, and estate inclusion risks. For clients with numerous LLCs, a master operating agreement with exhibits listing…
Completing a will and/or trust is not enough to assure your wishes will be carried out. You need to give personal instructions and guidance to those people who will manage your assets if you are disabled, or who will manage assets or trusts for heirs you choose to benefit. If you are incapacitated the person…
The statistics are surprising and demonstrate why estate planners should give more attention to both planning and administering trusts that do or may have beneficiaries facing mental health challenges. 1 in 5 adults will experience mental illness in their lifetime. 1 in 25 adults are diagnosed with serious mental illness, such as schizophrenia or bipolar…