Posts Tagged ‘deceased’

Is an irrevocable trust better than a revocable trust?

  • February 27th, 2018
  • David Greene
  • Comments Off on Is an irrevocable trust better than a revocable trust?

The answer is that one is better for some and the other is better for some.  It depends on what you want to accomplish with the trust.  Many advantages are common to both, such as: (1) both will avoid probate…

Does the new tax law eliminate inheritance taxes?

  • February 1st, 2018
  • David Greene
  • Comments Off on Does the new tax law eliminate inheritance taxes?

With the new Tax Reform beginning to take effect, there is still a large amount of uncertainty when it comes to what changes are taking place and when they come into effect. When it comes to the Estate and Generation…

Tips On How To Avoid Will Contests

  • October 24th, 2017
  • David Greene
  • Comments Off on Tips On How To Avoid Will Contests

It is very hard to be successful in a will or trust contest.  However, many disappointed heirs file such contests every year.  Here are some planning tips to hopefully avoid that headache and heartache for your heirs.  (1) If you…

If you have a Living Trust do you also need a will?

  • September 26th, 2017
  • David Greene
  • Comments Off on If you have a Living Trust do you also need a will?

That is a good question and the answer is: maybe or maybe not!  If you have truly transferred all of your assets into your trust, then you do not need a will because no asset is in your name.  However,…

If one forgets to change a beneficiary after divorce, can it be amended after his death for good cause?

  • November 22nd, 2016
  • David Greene
  • Comments Off on If one forgets to change a beneficiary after divorce, can it be amended after his death for good cause?

Unfortunately beneficiary designations cannot be amended after the death of the policy or account holder, even if it is clear he did not intend for the listed beneficiary to receive the benefits.  The Supreme Court has heard several similar cases…

Learn about important tax considerations following a spouse’s death.

  • June 23rd, 2016
  • David Greene
  • Comments Off on Learn about important tax considerations following a spouse’s death.

There are four important tax considerations one needs to consider following the death of a spouse. First, if you haven’t already filed your income tax return, you can still file a joint tax return for the year in which the…

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