Selecting Back-Up Parents —
Is guardian selection for your minor children causing you stress? Have you not created a will because you don't know where to start? Read this to get started on selecting a guardian for your minor children.
Well, There Goes Your Estate Plan | Impact of Proposed IRA Legislation on Estate Planning GalleryWell, There Goes Your Estate Plan | Impact of Proposed IRA Legislation on Estate Planning
Borakove Osman Newsroom, Borakove Osman Newsroom, Estate Planning, Estate Planning Blog, ThE-State of Planning, Uncategorized
Well, There Goes Your Estate Plan | Impact of Proposed IRA Legislation on Estate Planning
Based on my news feed, and the sudden increase of emails forwarding me articles on this topic, interesting legislation on IRAs has caused many financial planners, clients and estate planning attorneys to review and potentially rethink how IRAs are coordinated with a client's estate plan. The link below will take you to an article posted [...]
Family Cottage and Family Cabin Planning
When a designing an estate plan for a client with a Family Cabin, we use the following Family Cabin Poll and Discussion Tool when we explore our clients' goals and objectives.
Easter
We are honored to have worked with so many unbelievable families this year in protecting and preserving their nest eggs for the next generation. Have a wonderful EASTER weekend from the law firm of Borakove Osman LLC!
Buy-Sell Agreements: 2 Strategies
BUY-SELL AGREEMENT MECHANICS Stock Redemption vs. Cross Purchase Stock Redemption Buy-Sell Agreement Under a redemption arrangement, your Company agrees to redeem the shares/interest of a deceased owner at his death, and the owner agrees prior to death that his estate will transfer the shares back to the Company for an agreed-upon price. An advantage [...]
Nothing is as UNcertain as the Election and Estate Taxes
Ever since the increase of the estate tax exemption to $5 Million (indexed for inflation in year, making the estate tax exemption $5.45M in 2016), the chatter with the estate tax has simmered. For those who have forgotten about the estate tax, in simple, albeit, incomplete terms, in 2016 you may give away $5.45M to any individual [...]
IDGT: The Intentionally Defective Grantor Trust — More than an Estate Planning Tax Widget
I.D.G.T. - INTENTIONALLY DEFECTIVE GRANTOR TRUST Perhaps one of the most unfortunate vocabulary choices in the estate planning field lies with the “Intentionally Defective Grantor Trust,” or IDGT. While the use of the term defective may cause clients to cringe, there is nothing to fear about the IDGT’s legality or effectiveness. Let’s analyze [...]
Estate Planning FAQs
Learn the answers to many common estate planning questions below. […]
Estate Planning Awareness Week October 15-21, 2012
Press-Release-Announcing-Estate-Planning-Awareness-Week
Tax Window Closing 2012
Certain irrevocable trusts are great this year for those concerned with the potentional lost tax/estate/asset protection planning opportunities closing at the end of 2012.