No More Asset Protection for IRAs?

No More Asset Protection for IRAs?

Well, yes and no.  While a traditional IRA is still an asset-protected account, the U. S. Supreme Court recently ruled that “inherited” IRAs are not subject to the same asset protection status.  Most people, including most attorneys, believed that all IRAs had special...
Robin Williams & His Living Trust

Robin Williams & His Living Trust

Robin Williams, like more and more people, had a Living Trust.  A Living Trust will allow a person to leave his or her estate free of “probate”.  When you die, everything you own (without a beneficiary designation) will be part of probate.  Probate is the...
U.S. Supreme Court NOT "Highest" Court

U.S. Supreme Court NOT "Highest" Court

Playing Ball at the Highest Court in the Land A couple of years ago I was an overnight guest of General William Suter, recently retired as Clerk of the U. S. Supreme Court. During my visit I got the opportunity to take the traditional tour of the U. S. Supreme Court...
Can You Eliminate State Income Taxes?

Can You Eliminate State Income Taxes?

A recent article in Forbes magazine highlights planning that I have utilized in my practice for almost 20 years, whereby we utilize a “DING” trust to transfer the taxable situs of an asset to Delaware, Nevada, South Dakota, Tennessee or another similar state in order...