Introduction to Special Needs Estate Planning
...benefits profile, a distribution plan, and the exploring of housing options. Planning the future of a child or adult with a disability is an enormous challenge. It requires specialized planning...
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THE ABCs OF STRETCH IRAs
...this younger beneficiary will have a longer life expectancy than the initial IRA owner, and therefore may elect to “stretch” the IRA by receiving smaller required minimum distributions (RMDs) each...
Supplemental Needs Trusts
...third-party trust does not need to include a D-4 “payback” provision reimbursing the State for the medical assistance of the beneficiary upon the beneficiary’s death. References http://www.seniorlaw.com/snt.htm http://www.nsnn.com/frequently.htm http://www.elderlawanswers.com/elder_info/elder_article.asp?id=2742#6 http://www.wid.org/programs/access-to-assets/fact-sheets/special-needs-or-supplemental-needs-trusts...
2008 New Year’s Resolutions: Keep your estate planning on the right track
...purchasing umbrella liability insurance. Those of you with young children, make sure you have enough life insurance to cover expenses through college (and beyond if they have such graduate-level aspirations)....
Anna Nicole Smith: A Model for Bad Estate Planning
...planning. Forget the fact that you can’t visit a supermarket without seeing gossip about her life and death. When push comes to shove, Anna Nicole, the human being, was a...
10 Most Frequently Asked Questions and Answers for Stretch IRAs
...over $470,000 to them and over $5.1 million to their children over their lifetime. Who can establish a stretch IRA? Any IRA owner may create a stretch IRA through proper...
Estate Planning for Families with Special Needs Children
...a child will vary depending upon the child’s age, competency, and other family considerations, the goal is always the same: parents want their estates utilized to enhance and enrich the...
Asset Protection Mistakes – 13 Tips
...than your spouse without a “buy-sell” or joint ownership agreement. 7. Don’t leave property, including life insurance and retirement benefits, directly to minor children. 8. Don’t operate a business as...
How to S T R E T C H Your IRA
...should also designate a certain percentage of you IRA assets to each of your beneficiaries. By doing this, each beneficiary can then choose to have their share distributed over their...
Stretching Your IRA to the Next Generation
...IRA to be passed down several generations over the life expectancies of non-spousal beneficiaries like grandchildren, great-nieces, nephews and others. The biggest advantage to establishing the stretch IRA is its...
Special Needs Planning
...child/children. A typical scenario for parents considering their estate planning is how to leave their estates to their children. When the children are still minors it is best to do...
Estate Tax Marital Deduction: Don’t “Overqualify”
...with your spouse receiving the income interest for life and with your children receiving the assets at the spouse’s death. The trust can be set up to avoid qualifying for...