Steve Leimberg’s Estate Planning Email Newsletter Archive Message #2725 Date:16-May-19 Lowenstein Sandler LLP – Thoughts on a Recent Malpractice Case “A recent New Jersey malpractice case, Raia v. Lowenstein Sandler LLP (‘Raia’),i has served as the catalyst for discussions among many advisers. Regardless of how Raia is resolved, and at this preliminary juncture only a…
Reprinted from Estate Planning Review – The Journal November 20, 2018 A 35 page review of income tax, financial and estate planning and other practical ideas on a wide range of topics: business tax planning, 199A, life insurance, deductions, education and disability planning, retirement planning, practice management and estate planning. This special report is from…
Steve Leimberg’s Estate Planning Email Newsletter – Archive Message #2597 Date: 02-Nov-17 From: Steve Leimberg’s Estate Planning Newsletter Subject: Martin Shenkman’s Day 1 Notes from the 43rd Annual Notre Dame Tax and Estate Planning Institute The 43rd Annual Notre Dame Tax and Estate Planning Institute was held on October 26th and 27th at…
By: Martin S. Shenkman and Sandra D. Glazier[1] This article was originally published in Leimberg Information Services, Inc. (LISI). In 1786 Robert Burns wrote his insightful poem commonly referred to as “Mousie”. In it he reflects that upon plowing his fields he undoes the foresight of mice who unfortunately built their nest in Burns’…
By: Andrew T. Wolfe, Esq. and Martin M. Shenkman, Esq. Flexible SLATs Key Ingredient in Advisor’s Toolbox In the current environment of uncertainty, many married clients should consider implementing non-reciprocal spousal lifetime access trusts. This strategy can provide a flexible framework for a wide range of clients. The technique can be adapted for…
“Assisted suicide.” While the phrase itself may evoke strong emotions on each side of the issue, it is important that everyone affected (whether because you or a loved one face a terminal illness, or as a physician or estate planner you are advising patients or clients as to end of life decisions) be aware of…
Introduction OK stop holding your breath! The long awaited discount Regs were just issued. 26 CFR Part 25 [REG-163113-02] RIN 1545-BB71. They will be published in the Federal Register on 08/04/2016 and available online at http://federalregister.gov/a/2016-18370. The new Regs govern the valuation of interests in corporations and partnerships for estate, gift, and generation-skipping…
Introduction Most folks (and lawyers) tend to set up trusts in the state where they live and their lawyer practices. While this might seem logical, and it’s what has historically been the norm, it may not be the optimal approach in many cases. The use of “trust friendly” jurisdictions has become common place, and…
Introduction and Background It is common to include in a durable power of attorney the right for an agent (the person named to act on behalf of the principal who creates/grants the power) to make gifts. Gift clauses raise a myriad of issues and should never be considered “boilerplate” or standard. They should always…
This is the third and final article in a series intended to help trustees identify many of the steps to be taken and documents they might consider retaining as part of the permanent trust records. Proper trust documentation may not only corroborate proper operation of a trust, but create a record to guide trustees and…