In my experience, one of the most common areas of confusion in wealth and estate planning is beneficiary designations and their importance in many key areas. Many important assets in an individual’s portfolio often pass at that person’s death by beneficiary designation and not by that person’s will or trust. Common examples of these types of […]
A handwritten will may still be valid in a state that doesn’t normally recognize them, if you have the right facts.
Now that Congress has repealed the estate tax for all or some portion of 2010, Oregon married couples need to rexamine whether or not their estate plan will work as they intended. For any couple with a net worth over $1 million, it is common to have a tax plan which divides the marital property […]
On January 20, 2010, the U.S. Senate took an unusual procedural step in placing HR 4154, the “Permanent Estate Tax Relief for Families, Farmers, and Small Businesses Bill of 2009” directly on the Senate calendar. In taking this action, the Senate is in the position to completely bypass the Senate Finance Committee, which is the […]
From time to time, we will publish blurbs on recent local court opinions and state legislation: Senate Bill 238 Oregon Senate Bill 238 enacts the Uniform Adult Guardianship and Protective Proceedings Jurisdiction Act. It is broken into five different articles that provide a uniform procedure for people to follow when a guardianship or conservatorship case may […]
Lori Singleton-Clarke, a nurse from Maryland, accomplished two rare feats last month. She represented herself before the U.S. Tax Court and won. On January 11, 2010, a Wall Street Journal article featured Ms. Singleton-Clarke who successfully defended her $15,000 deduction for her M.B.A. school tuition. After 24 years as a distinguished career as a nurse, Ms. Singleton-Clarke […]