Category Archives: Estate Planner

Form and Substance: Estate of Paul H. Liljestrand v. Commissioner

Form and substance are equally important which, while having specific application to the failed family limited partnership discussed in the article linked below, has broader philosophical application in life. But that is the subject of another blog. Estate planners must … Continue reading

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Cost Basis Research

For the accountants and attorneys out there, here is a link to a great resource for researching the cost basis of investments.  I’ve done this manually many times in the past and its quite a chore, particularly where there are … Continue reading

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“Inheritances are an equalizing force that mitigates the inequalities found in American household wealth.”  Sounds counter intuitive, but check out this article and study: Debunking the “Sin” of Inheritance

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Joint Ownership of Property Between Generations

I can’t think of any situation where its advisable to use joint ownership where there’s not a better solution, except to keep people like me employed as an expert witness in the resulting litigation. Top 5 Reasons to Beware of … Continue reading

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Why Wealth Disappears

Business owners and those who advise them should take note. Why Wealth Disappears.

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Avoiding Heir-raising Horror Stories

Encourage your clients to plan intentionally for their children.  They do their children no favors when the kids are given responsibilities for which they are unprepared. Goodbye Family Fortune

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DIY Wills

One’s written and properly executed Last Will and Testament is assumed by the law and by courts to be the written expression of the testator’s  intentions regarding his or her estate.  Even when its clear to the family and others … Continue reading

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Estate Planning and Problem Children

Here is one approach to planning for children who are struggling with and addictions, financial problems, relationship disasters, etc. Using an Inheritance to Teach Your Problem Child a Lesson

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Family Feud

Family probate fight meets country music.  Enjoy this new song by the Pistol Annies (imho not catchy enough to be a hit, but the content fits this blog). I posted the link to the version that gives the lyrics. Family … Continue reading

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Avoiding traps with your Last Will and Testament

An excellent article for those who have yet to write a Last Will and Testament.  Do your heirs a favor and get it done right.  Not doing it right keeps people like me in business. http://money.cnn.com/2011/08/10/pf/will_hidden_traps.fortune/

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