Insight on Estate Planning - Year-End 2017

Dec 06, 2017

By Douglas C. Lawrence | Related Practice: Estate Planning & Administration

Here's a brief glance at what you'll find in the Year-End issue...

When should you turn down an inheritance?

If a person expects to receive an inheritance from a family member, he or she might choose to use a qualified disclaimer to refuse the bequest. As a result, the assets will bypass their estate and go directly to the next beneficiary in line. This article explains the benefits of using a qualified disclaimer. Read more...

Addressing intellectual property requires careful estate planning

Intellectual property (IP), such as copyrights and patents, can hold enormous value. Whether IP rights are a significant source of wealth or only a small fraction of an estate, it's critical that it be properly addressed in an estate plan. This article explains what IP is and how to account for it in an estate plan. Read more...

Year end is an ideal time to review your estate plan

As of this writing, it's still anybody's guess as to whether Congress will enact major tax reform legislation affecting federal gift and estate taxes. This situation casts a large shadow over estate planning at the end of 2017 and how to proceed for 2018. Nevertheless, a year-end review of one's estate plan is recommended. This article details what areas of a plan to focus on. Read more...

Estate Planning Pitfall: You're retiring to a foreign country

If your plans call to relocate to another country after retirement, be sure to look into all potential estate tax and income tax implications first. This brief article explores three areas of concern. Read more...

Washington's new trust decanting law expands trustee's power to modify irrevocable trusts

Washington's new trust decanting law provides for a nonjudicial process by which a trustee can modify an irrevocable trust or distribute income and principal from a first trust to one or more second trusts. Read more...

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This post provides general information and is not legal or other professional advice. To discuss issues specific to your circumstances, contact one of our Estate Planning attorneys.