In our previous post, we began speaking about the value of going offshore with one's financial and banking strategies, and with respect to asset protection. As we mentioned, there are a variety of reasons to consider going offshore, including protection from creditor...
Month: March 2013
Offshore asset protection may be worth considering, P.1
On behalf of Michael A. Manna & Associates | Mar 26, 2013 | Asset Protection
Asset protection is a valuable part of estate planning in which can enhance anybody's estate planning. But it is critical for those looking into asset protection to try to find strategies that will afford them real protection. Because of the uncertainty around certain...
Important estate planning strategies could be affected going forward
On behalf of Michael A. Manna & Associates | Mar 21, 2013 | Estate Planning
As our regular readers know, Congress made some permanent changes as part of its "fiscal cliff" remedy that have given estate planners more certainty than they've had in years. The permanent changes, it so happens, are quite favorable from an estate tax and gift tax...
What happens when a deceased person’s estate owns out-of-state real property?
On behalf of Michael A. Manna & Associates | Mar 15, 2013 | Probate, Wills
Out of state real property carries extra challenges in probate court when compared to other assets. Because such property cannot be transported across state lines, the state in which it resides has an interest in its administration, and a separate probate process is...
Christie’s agreement to expand Medicaid meets with large approval
On behalf of Michael A. Manna & Associates | Mar 14, 2013 | Medicaid Planning / Nursing Home Planning
In a move that may change the number of people going about Medicaid planning, Governor Chris Christie recently decided to use available federal funds in order to expand Medicaid. That decision is expected to3 save the state $227 million a year by enrolling 104,000...
Decision in estate of James Brown a sign that charitable trusts are to be respected
On behalf of Michael A. Manna & Associates | Mar 9, 2013 | Trusts
More than six years after the death of legendary soul singer James Brown, the South Carolina Supreme Court issued a critical ruling that may finally allow a legal dispute to wind down. At his 2006 death, Brown left a detailed will and trust indicating that he wanted...
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