If you want to protect your assets from creditors, predators, and estate taxes (and possibly an ex-spouse!), Wealthy and Wise with Gideon Rothschild is the blog to read. Attorney Gideon Rothschild is an estate planner with more than 30 years of experience advising clients—now you can follow his posts as he takes you through many of the effective strategies that can protect your hard-earned wealth for generations to come. And with the new tax law upon us, read Wealthy and Wise with Gideon Rothschild for “legal loopholes” to maximize your estate now and in the future.
You can completely avoid state income tax on a trust’s income based on guidelines from a recent US Supreme Court ruling. Here’s how.
A time of low interest rates can be great for shifting assets to a younger generation.
Be careful how you design a trust to bullet-proof your assets against creditors.
By taking these actions before you die, it’s often possible to avoid conflicts over wills and trusts after you die.
The presence of stepchildren can lead to possible conflicts of interest in estate planning. Here’s how to handle the possible problems.
Whether your IRAs are protected from creditors depends on the answers to several questions.
Given the frequent changes in tax laws, now may be the right time to conduct a thorough review of your estate plan. Here’s how.
Here’s what you should and shouldn’t do to provide money for the care of your pet after you die.
As many readers are aware, IRAs can offer many benefits including the ability to defer taxes on the money placed…
When collectibles are divided up among heirs, a family can be torn apart over who gets what. An estate planner tells how to avoid this terrible outcome.
Defaulting to the easiest or most obvious choice for your executor or trustee can have bad consequences—for your estate and your family.
Now’s the time to review your existing estate plan to see whether changes in the law or in your situation mean you should take action.
There’s a legal technique for giving away, and then receiving back, appreciated assets that wipes out your capital gain exposure. But know the danger, too.
Many estates are being held up because decedents never gave information and authorization to access their digital accounts. It’s an expensive mistake.
Some famous people—including Prince, Heath Ledger and now Aretha Franklin—died without a will. Even if you don’t have big assets, you still need one.
Being trustee of a life insurance trust is not just an honorary title—you really do have some key responsibilities that you must perform.
If you get divorced and fail to change your will, beneficiary designations and these other documents, there could be some very unwanted results.
An irrevocable trust doesn't have to be as irrevocable as you might think: To change an existing trust, decant it.
If you set up or updated your estate plan even just a year ago, big changes in tax law could be ruining its ability to protect you and your heirs.
If you have a formula clause in your will that determines how assets get divided, you must review it now in light of the new federal tax law.