In our previous post, we started taking a look at dynasty trusts and their increased use in recent years, especially since gift and estate tax exemption have risen. Since 1986-when Congress made major changes to the generation-skipping transfer tax-dynasty trusts have...
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Ridgewood Estate Planning Blog
Basic estate planning for parents with special needs children
On Behalf of The Manna Helmy Law Group | Aug 4, 2011 | Estate Planning
Parents who have special needs children often have concerns about how they will be taken care of after they are gone, and who will be around to ensure their welfare or make decisions for them if they are unable to care for themselves. Creating a will, a special needs...
Dynasty trusts have seen increased popularity, P.1
On Behalf of The Manna Helmy Law Group | Jul 29, 2011 | Inheritance And Estate Tax
A dynasty trust is a device used to pass money to multiple generations of descendants, paying as little estate tax as possible. Such trusts have no expiration date and don't require minimum distributions, so their assets can continue growing for an unlimited number of...
Asset protection planning: an important partner of estate planning, P.3
On Behalf of The Manna Helmy Law Group | Jul 25, 2011 | Asset Protection
This is our third post in a series dealing with asset protection planning. Such planning, as we have said, is not identical to estate planning, but is a supportive adjunct with its own unique yet related goals and techniques.On a practical level, it is important to...
Asset protection planning: an important partner of estate planning, P.2
On Behalf of The Manna Helmy Law Group | Jul 19, 2011 | Asset Protection
In our previous post, we began discussing the importance of asset protection planning.Asset protection addresses several types of wealth preservation strategies in estate planning, including long-term care costs, liabilities connected to lawsuits, estate and gift...
Asset protection planning: an important partner of estate planning, P.1
On Behalf of The Manna Helmy Law Group | Jul 19, 2011 | Asset Protection
One of the primary goals of estate planning is to preserve your wealth so that you are able to pass as much on to your family, friends, or other beneficiaries as possible. Making sure that wealth is secure from liabilities is an important element in passing it on the...
Estate tax can be a challenge for some clients
On Behalf of The Manna Helmy Law Group | Jul 14, 2011 | Estate Planning
Tax planning is one of the more tricky aspects of aspects of estate planning. Not only is there the need to navigate various tax systems, there is also the ever-changing law in this area.As a recent Wall Street Journal article notes, states have different and shifting...
10 important matters to consider in estate planning, P.3
On Behalf of The Manna Helmy Law Group | Jul 11, 2011 | Estate Planning
In our previous two articles, we have been discussing important areas to be aware of when thinking about estate planning. So far, we have mentioned the potential importance of maintaining harmony in the family, avoiding probate, taking advantage of asset protection...
10 important matters to consider in estate planning, P.2
On Behalf of The Manna Helmy Law Group | Jul 7, 2011 | Estate Planning
In our previous post, we began looking at an article discussing important matters all those engaged in estate planning need to consider.One of the more complicated aspects of estate planning is planning for taxes in their various forms, including income, estate, gift...
10 important matters to consider in estate planning, P.1
On Behalf of The Manna Helmy Law Group | Jul 5, 2011 | Estate Planning
Proactivity, as can be imagined-as opposed to acting out of necessity-is an essential aspect of effective estate planning. But it isn't always easy to decide which aspects of estate planning deserve the most or immediate attention.A recent article in the Salem, Oregon...