Avoiding the “Deacon Blues”: The Need for Regular Review of Buy-Sell Agreements
BY: MONTE SCHATZ Your everlasting summer You can see it fading fast So you grab a piece of something That you think is gonna’ last You wouldn’t even know a diamond If you held it in your hand The things you think are precious I can’t understand “Reelin In The Years” by Steely Dan ©1972 Donald Fagen and Walter Becker forged a lifelong friendship when they first met at Bard College...Read More
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Assisting Clients with Gun Trusts
As published in Steve Leimberg’s Estate Planning Newsletter on May 3, 2016. Reproduced courtesy of Leimberg Information Services, Inc. (LISI) at https://www.leimbergservices.com. “New regulations on gun trusts issued by the Bureau of Alcohol, Tobacco, Firearms, and Explosives change the rules concerning the purchase of firearms by gun trusts. Those interested in acquiring Title II...Read More
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Caring for a Disabled Beneficial: Third Party Special Needs Trust
caringfordisabled metroQUARTERLY, Nov/Dec/Jan 2014/15 Read More
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Inherited IRAs Are Not Protected From Creditors Estate Planning with IRAs
MEV-metro-Article-Estate-Planning-With-IRAs-Inherited-IRAs-Are-Not-Protected-From-Creditors metroQUARTERLY, Fall 2014 Read More
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Drafting Considerations for the Third-Party Spendthrift Trust after In re Castellano
As published in Steve Leimberg’s Asset Protection Planning Newsletter on 9/10/14. Reproduced Courtesy of Leimberg Information Services, Inc. (LISI) at https://www.leimbergservices.com. “The court’s expansive ruling and failure to apply correct law in the Castellano case is concerning for practitioners using spendthrift clauses in third-party trusts. Fortunately, the decision...Read More
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Reconsidering the Design of Trusts Used As IRA and Qualified Account Beneficiaries Post-Clark
As published in Steve Leimberg’s Asset Protection Planning Newsletter on 7/7/14. Reproduced Courtesy of Leimberg Information Services, Inc. (LISI) at https://www.leimbergservices.com. “The Supreme Court recently ruled in Clark v. Rameker that inherited IRAs are not retirement funds for purposes of the federal bankruptcy statute. The effect of the ruling is to allow bankruptcy...Read More
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Assisting Clients in Avoiding Potential Creditors: What Actions Can an Attorney Take?
As published in Steve Leimberg’s Asset Protection Planning Newsletter on 6/9/14. Reproduced Courtesy of Leimberg Information Services, Inc. (LISI) at https://www.leimbergservices.com. “The Iowa Supreme Court recently ruled that an attorney did not commit an ethical violation in assisting a client with transactions that were determined by a court to be fraudulent transfers. The...Read More
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