Bloomberg offers up the stories of three couples who retired early–as in at age 40. If that’s a path you’d like to follow, have a read.
Taggart Law, LLC
Asset Protection, Wills, Trusts, Estate & Business Planning
Asset Protection, Wills, Trusts, Estate & Business Planning
Bloomberg offers up the stories of three couples who retired early–as in at age 40. If that’s a path you’d like to follow, have a read.
Naomi Cahn, a law professor at George Washington University, has some good advice for those who’ve recently parted ways with their spouse. You can read her advice in her piece “Protect Those You Love in Divorce, and Remarriage,” posted at Slitopia. If you find yourself a member of the recently divorced, I recommend you read […]
So attorney Steve Oshins publishes annual state rankings of virtually all things trusts. Want to know where your state’s decanting statute ranks? Go here. Interested in establishing a so-called dynasty trust? Look here to see what your state offers–if anything. How does your state treat non-grantor trusts for income tax purposes? Well, some states do […]
When you give money or property to someone while you’re alive, you make a gift. If that gift is beyond a certain size, you will also have to pay a gift tax on it. When die, your money or property will go to those whom you name as your beneficiaries in your will or trust. […]
I wrote about Silencer Shop’s kiosks a few months ago. Here’s a video that demonstrates how they work. The title of the video is a bit misleading. You don’t set up or buy an NFA firearms trust on the Kiosk, rather you initiate the government-required paperwork–your Form 4, for example– so you can use your […]
Professor Eugene Volokh posted today about a decision handed down today by the 3rd Circuit Court of Appeals that answered the question on at least a few people’s minds: If I was convicted of a felony and if I’ve served my sentence, cleaned up my life, and stayed out of trouble, might I have my […]
As we’ve discussed elsewhere, in an almost knee jerk way, people want to avoid probate. And for some good reasons. But what if I told you there were a possibility your heirs might have to go through two or even three probates? It’s true. If you own titled property, especially real estate, in another state […]
Everybody wants to avoid probate, but far too many of those who want to avoid it, know what is. Here’s a primer: Probate is the legal process in which a deceased person’s will is proved valid; her personal representative or executor appointed; her property collected and preserved; and her debts, including taxes, paid. Usually, the […]
Two weeks ago, the Treasury Department released proposed IRS Code Section 2704 valuation regulations that, as proposed, will dramatically change the discounts currently allowed, including so-called minority and marketability discounts. Thus, gift and estate tax planning strategies that rely on such discounts to transfer property from one individual to another via the use of limited […]
Supreme Court Justice Stephen Breyer delivered the court’s majority opinion today in Whole Women’s Health v. Hellerstedt, a case in which the plaintiff challenged the “admitting-privileges” and “surgical-center” requirements that were part of legislation enacted by the Texas Legislature in 2013. Those requirements, the Legislature said, were to ensure safer practices by Texas abortion providers and […]