James R. Modrall Trusts Estates Law Blog

Saving The Cottage

Friday, July 11, 2008 by James R. Modrall

How should family ownership be continued? When the senior generation is gone, the decision about continued family ownership and enjoyment of vacation property comes down to consideration of many factors.... Read More

Posted at 13:41 PM | PERMALINK

Topic: Estate Planning

Retirement Accounts - Smart Planning Can Save Big Money

Friday, June 27, 2008 by James R. Modrall

Meeting with a client recently reminded me of a topic that we have explored before. That is, smart tax planning for retirement accounts.

In particular, in this case, both husband and wife had both IRA accounts and 401K Plan accounts. This particular family had other assets including a family business and two residences. They intended to make charitable gifts at the second death using their trusts as the vehicle for disposition of property at that time. The... Read More

Posted at 13:25 PM | PERMALINK

Topic: Estate Planning

The Case For Asset Protection

Thursday, June 5, 2008 by James R. Modrall

Expansions of liability to third parties make Asset Protection a priority for many people in the manufacturing or service industries. It is vital to plan ahead to protect assets from "creditors" who are plaintiffs in negligence or wrongful death cases.... Read More

Posted at 11:45 AM | PERMALINK

Topic: Estate Planning

Whither Goeth The Estate Tax?

Monday, May 12, 2008 by James R. Modrall

One of the biggest frustrations of estate planners the past few years has been planning for potential estate taxes. The exemption, of course, has been rising, now $2 million and increasing to $3.5 million in 2009. However, the sunset provisions of the large exemptions and the regression to $1 million in 2011 have been a cause of concern.... Read More

Posted at 14:27 PM | PERMALINK

Topic: Estate Planning

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