A recent U.S. Supreme Court decision changes the way inherited IRAs are viewed when it comes to bankruptcy, which means those who inherit these retirement account assets must find new ways to protect that inheritance. In Clark v. Rameker, Heidi Heffron-Clark inherited an IRA from her mother. She received distributions from that inherited IRA for […]
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Parents of children with special needs usually share one overriding concern: what will happen to my child after I’m gone? They also often struggle with guilt for what they envision as an eventual destiny for their other children who may assume care of their special needs sibling. But I’m here to tell you, this is […]
https://www.calilaw.com/wp-content/uploads/2014/03/Legacy-Planning-91024.jpg6980CaliLawhttps://www.calilaw.com/wp-content/uploads/2023/04/Cali-Law-Logo-A5-1-300x99.jpgCaliLaw2014-10-20 20:08:412014-10-20 20:08:41How to Ensure a Lifetime of Care for a Special Needs Child
Legendary Hollywood actress Lauren Bacall died on August 12, 2014, leaving behind an estate worth an estimated $26.6 million. Her three children now face a couple of potentially serious problems that could have been avoided through effective estate planning. Bacall, who was married to Humphrey Bogart and Sam Robards, passed away in her New York […]
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I love being a parent… well, most of the time. But my parents – and my wife’s parents – tell me there is nothing better than being a grandparent, and the joy they feel about their grandchildren comes with no interruption. And I get it. After all, they get to spoil my kids and focus […]
https://www.calilaw.com/wp-content/uploads/2014/03/Estate-Planning-91024.jpg6980CaliLawhttps://www.calilaw.com/wp-content/uploads/2023/04/Cali-Law-Logo-A5-1-300x99.jpgCaliLaw2014-10-08 18:40:012014-10-08 18:40:017 Things To Think About Before Making Gifts to Grandchildren
Inherited wealth need not be “an albatross around the neck of the children” as Sting so succinctly put it recently when asked if he was leaving his wealth to his children. I – and many other parents – share Sting’s concerns. But proper preparation for inheritance can ensure the assets you leave for your children […]
https://www.calilaw.com/wp-content/uploads/2014/01/inheritance.jpg7080CaliLawhttps://www.calilaw.com/wp-content/uploads/2023/04/Cali-Law-Logo-A5-1-300x99.jpgCaliLaw2014-10-01 20:35:432014-10-01 20:35:43The 4 Key Life Skills Your Children Need to Have Before They Inherit
There are many iconic American families that come to mind when we think of vast family wealth. The Vanderbilts, for example, were one of the riches families in America in the 19th century. Cornelius Vanderbilt, the family patriarch, built his railroad and shipping fortune to $100 million before he died in 1877 – which was […]
https://www.calilaw.com/wp-content/uploads/2014/03/Family-Values-91024.jpg6880CaliLawhttps://www.calilaw.com/wp-content/uploads/2023/04/Cali-Law-Logo-A5-1-300x99.jpgCaliLaw2014-09-22 20:02:132014-09-22 20:02:13Prepare Your Heirs to Receive, Protect, and Grow Their Inheritance
Supreme Court Decision Makes Inherited IRAs Fair Game in Bankruptcy
Asset Protection, Estate Planning Blog, Inheritance, RetirementA recent U.S. Supreme Court decision changes the way inherited IRAs are viewed when it comes to bankruptcy, which means those who inherit these retirement account assets must find new ways to protect that inheritance. In Clark v. Rameker, Heidi Heffron-Clark inherited an IRA from her mother. She received distributions from that inherited IRA for […]
How to Ensure a Lifetime of Care for a Special Needs Child
Estate Planning Blog, Special Needs ChildrenParents of children with special needs usually share one overriding concern: what will happen to my child after I’m gone? They also often struggle with guilt for what they envision as an eventual destiny for their other children who may assume care of their special needs sibling. But I’m here to tell you, this is […]
Hollywood Legend Lauren Bacall Leaves Large Estate (and Potentially Large Headaches) for Heirs
Common Mistakes, Estate Planning, Estate Planning BlogLegendary Hollywood actress Lauren Bacall died on August 12, 2014, leaving behind an estate worth an estimated $26.6 million. Her three children now face a couple of potentially serious problems that could have been avoided through effective estate planning. Bacall, who was married to Humphrey Bogart and Sam Robards, passed away in her New York […]
7 Things To Think About Before Making Gifts to Grandchildren
Estate Planning, Estate Planning Blog, GiftingI love being a parent… well, most of the time. But my parents – and my wife’s parents – tell me there is nothing better than being a grandparent, and the joy they feel about their grandchildren comes with no interruption. And I get it. After all, they get to spoil my kids and focus […]
The 4 Key Life Skills Your Children Need to Have Before They Inherit
Estate Planning Blog, InheritanceInherited wealth need not be “an albatross around the neck of the children” as Sting so succinctly put it recently when asked if he was leaving his wealth to his children. I – and many other parents – share Sting’s concerns. But proper preparation for inheritance can ensure the assets you leave for your children […]
Prepare Your Heirs to Receive, Protect, and Grow Their Inheritance
Estate Planning Blog, Family Values, Inheritance, Legacy PlanningThere are many iconic American families that come to mind when we think of vast family wealth. The Vanderbilts, for example, were one of the riches families in America in the 19th century. Cornelius Vanderbilt, the family patriarch, built his railroad and shipping fortune to $100 million before he died in 1877 – which was […]