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Home Archives for Phil Keenan

Phil Keenan

Phil Keenan October 27, 2022

Lessons from Patagonia

Estate planning often encompasses, at least in part, business succession planning. Many individuals own family businesses with the idea of passing the business on to the next generation. Of course, … [Read more...] about Lessons from Patagonia

Filed Under: Estate Planning, legal education

Phil Keenan October 20, 2022

Planning for the “Silver Tsunami”

As the population over the age of 65 continues to grow, unique problems arise. For example, many seniors may have never married, or outlived their spouse and lack confidence that someone will help … [Read more...] about Planning for the “Silver Tsunami”

Filed Under: Estate Planning, legal education

Phil Keenan October 13, 2022

Discharge of Indebtedness Income and Student Loan Forgiveness

While many taxpayers may be excited about the prospect of reduced loan balances as part of Biden’s Loan Forgiveness Program, they may have questions about the potential tax consequences of that … [Read more...] about Discharge of Indebtedness Income and Student Loan Forgiveness

Filed Under: Estate Planning, legal education

Phil Keenan October 6, 2022

More than Just Salad Dressing: The Ongoing Saga of Newman’s Own Foundation

When a famous individual dies, it’s always interesting to see how they set up their estate, if they bothered to undertake estate planning at all. These cases provide great lessons for Estate Planning … [Read more...] about More than Just Salad Dressing: The Ongoing Saga of Newman’s Own Foundation

Filed Under: Estate Planning, legal education

Phil Keenan November 19, 2020

What’s an “Atom Bomb” or “Contingent Remainder” Beneficiary?

When you’re deciding to whom to leave assets, most people choose their children or other descendants. However, you also need to decide on the “contingent remainder” beneficiary. In other words, who … [Read more...] about What’s an “Atom Bomb” or “Contingent Remainder” Beneficiary?

Filed Under: Estate Planning, legal education Tagged With: atom bomb, beneficiaries, contingent remainder, exploding turkey

Phil Keenan November 12, 2020

Fair Isn’t Always Equal and Vice Versa

When you’re deciding how your assets should be divided at death, sometimes dividing them equally is the appropriate choice. But, sometimes it’s not. Fair isn’t always equal or vice versa. Read on to … [Read more...] about Fair Isn’t Always Equal and Vice Versa

Filed Under: Estate Planning, legal education Tagged With: beneficiaries, children, unequal

Phil Keenan November 5, 2020

Academy’s Fall Summit Virtually Perfect

You want your estate planning to be handled by an attorney who stays current on the law. The American Academy of Estate Planning Attorneys held its semi-annual conference providing education and … [Read more...] about Academy’s Fall Summit Virtually Perfect

Filed Under: Estate Planning, legal education Tagged With: American Academy of Estate Planning Attorneys, CLE, estate planning, learning

Phil Keenan October 29, 2020

Staying Current is Especially Important in the Pandemic

The President’s bout with COVID-19 demonstrates the importance of keeping planning current. A Health Care Power of Attorney appoints someone to make decisions for you if you’re not able to do so for … [Read more...] about Staying Current is Especially Important in the Pandemic

Filed Under: Estate Planning, legal education Tagged With: Advance Directive, Covid-19, estate planning, Health Care Power of Attorney, President Trump

Phil Keenan October 22, 2020

What Is a HIPAA Release?

The acronym HIPAA stands for the Health Insurance Portability and Accountability Act of 1996. In this post, we will explain why this piece of legislation is something to take into consideration when … [Read more...] about What Is a HIPAA Release?

Filed Under: Estate Planning Tagged With: HIPAA release, incapacity planning

Phil Keenan September 3, 2020

Assignment and Nominee

What’s an “Assignment and Nominee” agreement and what does it do? Some attorneys use such an agreement as a belt and suspenders approach to funding. Read on to learn more. … [Read more...] about Assignment and Nominee

Filed Under: Estate Planning, legal education Tagged With: Estate Planning, Funding

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News

The Importance of Having an Estate Plan

We all know that we should create an Estate Plan, yet so many of us procrastinate in undertaking such an important task. Creating an Estate Plan … [Read More...] about The Importance of Having an Estate Plan

Tis the Season for Giving

Most taxpayers understand that to receive the benefit of charitable deductions, they need to itemize their income tax deductions. Creating a … [Read More...] about Tis the Season for Giving

Tax Planning for 2023

Planning is important for your income taxation during life as well as for any estate tax at death. Even though 2023 is just starting, it’s not too … [Read More...] about Tax Planning for 2023

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