Monthly Archives: February 2014

The New Rules of Estate Planning

Forward-thinking estate planners and certified estate planning specialists are the most likely to be creating and following the new rules of estate planning as outlined in this Wall Street Journal article. One of the most important "new rules" is the enhanced focus on minimizing and avoiding capital gains taxes for higher-net worth families whose level of

February 28th, 2014|Tags: , , , |

A Respectful Deference to Elders Curdles Into a Fight Over Assets

This NY Times article from late November focuses on a film, “Black Heirlooms” that describes a family dispute over a relatively modest amount of money that ended up tearing the filmmaker’s family apart. Besides the strained family relationships, the article mentions that “money goes to lawyers that could have gone to heirs.” That sentence resonated with

February 28th, 2014|Tags: , , , , |

Focusing on the Human Element of Estate Planning

This NY Times article - about estate planners who focus on a more holistic approach to planning than those who laser in almost exclusively on tax strategies and savings – really resonated with me. I often describe my sweet spot as working with “Millionaire Next Door”-type families and helping provide a bridge between legal issues and

7 Tips From Philip Seymour Hoffman, Gandolfini, & Other Celeb Estates

What do Philip Seymour Hoffman, James Gandolfini, Heath Ledger, and Amy Winehouse have in common? Unfortunately, two things: an unexpected and early demise and the other -- problematic estate issues. This Forbes article from earlier this year provides some key lessons to take away from these celebrities’ untimely passings. There are numerous stories about families having