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Home Archives for legal education

Elizabeth D. Mitchell November 17, 2022

Common Mistakes in Estate Planning – Part III

Those who take the time to create an Estate Plan usually desire to keep it private and to ensure that no beneficiary can alter the plan after their death. Sometimes, the desire to maintain privacy … [Read more...] about Common Mistakes in Estate Planning – Part III

Filed Under: Estate Planning, legal education

Elizabeth D. Mitchell November 10, 2022

Common Mistakes in Estate Planning – Part II

When people think about an Estate Plan, they often have tunnel vision and focus on just a few of the many considerations that influence the plan. Most individuals focus on their assets and figuring … [Read more...] about Common Mistakes in Estate Planning – Part II

Filed Under: Estate Planning, legal education

Elizabeth D. Mitchell November 3, 2022

Common Mistakes in Estate Planning – Part I

Despite knowing that they should have an estate plan, many individuals look for shortcuts to creating an Estate Plan. They rely upon advice from seemingly well-intentioned individuals that if avoiding … [Read more...] about Common Mistakes in Estate Planning – Part I

Filed Under: Estate Planning, legal education

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

Elizabeth D. Mitchell September 29, 2022

What’s Estate Planning Got to do with Interest Rates – Part II

As interest rates continue to climb, Estate Planning practitioners look to different planning techniques to take advantage of rising rates. Two common estate planning techniques work well in … [Read more...] about What’s Estate Planning Got to do with Interest Rates – Part II

Filed Under: Estate Planning, legal education

Elizabeth D. Mitchell September 22, 2022

The Inflation Reduction Act

President Biden scored a win on some issues, but a loss on others when he signed the Inflation Reduction Act into law. The legislation left the estate and gift tax alone and made modest changes to the … [Read more...] about The Inflation Reduction Act

Filed Under: Estate Planning, legal education

Elizabeth D. Mitchell September 15, 2022

What’s Estate Planning Got to do with Interest Rates – Part I

Interest rates were at historic lows for many years. Those rates have begun to rise in recent months and may continue to do so. Practitioners need to monitor interest rates in order to advise clients … [Read more...] about What’s Estate Planning Got to do with Interest Rates – Part I

Filed Under: Estate Planning, legal education

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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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