Estate Planning for the GLBT Community Guidance and assistance with Living Trusts, Health Care Powers of Attorney, and Asset Distribution.
Continuing Education Class “Gifting to Minor Children and Grandchildren” From a legal perspective Attorney Colleen Sinclair Prosser will explore gifting assets to or for the benefit of minors and address the following legal and administrative aspects to consider: Minors are under a legal disability; Management concerns; Asset protection; Transfer tax issues; Income tax issues; Administrative ease and Investment flexibility. Course is approved for 2 credits for Life/Health Insurance, Certified Financial Planners and Certified Public Accounts. April 9th, 9 to 11:30 a.m. @ Crofton Country Club, 1691 Crofton Parkway, Crofton, MD. Registration is required - call 410-573-4818 or 301-970-8080 or register online.
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American Academy Mentioned in Money Magazine! Robert Armstrong, President of the American Academy of Estate Planning Attorneys, was interviewed by Money Magazine senior writer Penelope Wang for her article " A Midlife Money Checkup" in the March 2008 Issue. The article was part of the Cover Story "A Boomer's Guide to Financial Freedom" that included multiple articles focusing on financial trends, aging well and other issues Baby Boomers are facing today. This is the third mention of the American Academy of Estate Planning by Money Magazine in the last seven issues. The "Midlife Money Checkup" is a nine-step test that highlights questions Boomer's should be asking themselves at this point in their lives. Mr. Armstrong's expertise in estate planning was highlighted in question five, "Is your estate plan in order?" Make sure you don't have to ask yourself that question by meeting with a qualified attorney.
SPECIAL REPORT A Special Child Needs Special Planning While planning for the care of a special needs child certainly tops the list of emotionally-charged topics, the peace of mind parents gain from a well-designed estate plan, more than compensates them for having to plan for the unthinkable.
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ESTATE PLANNING NEWS The Prime of Life454 words. This article recites the tragic story of Heath Ledger and how he omitted his daughter from his Will.
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ESTATE PLANNING NEWS IRS Clamps Down on Wesley Snipes and Other Tax Protesters444 words. This article highlights the recent trial of Wesley Snipes on criminal tax protester charges and transitions into a discussion of the fraudulent promotion of trusts, such as "pure trusts," "constitutional trusts" and "common law trusts" as a purported means of avoid income taxation. The article concludes by recommending that the consumer consult with a knowledgeable estate planning attorney for the preparation of their trust and estate plan.
EDUCATIONAL FYIs Article on Family CaregiversThe Sunday, September 9, 2007 issue of Parade magazine contains an article by Gail Sheehy on family caregiving. It will recount some of her own experiences as a spousal caregiver to her husband.
CLIENT NEWSLETTERS Your Estate Matters Newsletter, Vol. 13.1
Articles included in this issue:
EDUCATIONAL ALERTS Two Rulings of Interest on Retirement Assets PLR 200807025 and PLR 200811028This Alert examines several private letter rulings in which the Service examines the complicated area of beneficiary designations for qualified plans and IRAs.
