Retirement Planning: A Good Reason for Having a Revocable Trust–and Funding It

Putting your affairs in order for retirement is a perfect reason to have a living or revocable trust. The ideas in this post also work if you have been diagnosed with an illness that will weaken your mind or body ...
Read More
/

Do Kentuckians need a living or revocable trust?

If you:
  • don't have kids under 18 or other special needs beneficiaries,
  • don't own property in more than one state, and
  • don't have a particular reason to keep your will private,
you don't need a living or revocable ...
Read More
/

More about Prince

For an article about some of the difficulties that will be associated with Prince's estate administration, see this Slate article ...
Read More
/

What happens if Prince died without a will?

News reports have surfaced that Prince died without a will. I don't want to say too much too soon but here's an interesting question. Prince had some very particular ideas about how to manage his artistic repertoire. A will or ...
Read More
/

More–but only a little–about the Holliday case

The Estate of Sarah D. Holliday Tax Court case mentioned briefly last month was a win for the IRS but hasn't generated much buzz in the estate planning community. Essentially, the Tax Court held that the late Ms. Holliday's family ...
Read More
/

IRS Scores Rare Family Limited Partnership Victory

The IRS must have been celebrating more than St. Patrick's Day yesterday. The Tax Court gave it a rare victory and held that a family limited partnership had not been formed for any non-tax reasons and hadn't been operated with ...
Read More
/