Every January, The University of Miami School of Law sponsors one of the nation’s largest estate planning conferences, The Heckerling Institute on Estate Planning. Also, for the past 16 years, the American Bar Association Section of Real Property, Trust and Estate Law with the permission of the University of Miami School of Law, releases several extensive reports highlighting the various lectures and proceedings of the Heckerling Institute. To view, download and access these extensive reports, please visit: http://www.americanbar.org/groups/real_property_trust_estate/events_cle/heckerling_reports/heckerling_2015.html Further, at the above website, you can also access reports from prior Heckerling Institutes as well. We, at The Ultimate Estate Planner,…
BREAKING NEWS: Important Updates from Robert Keebler
Thanks to the generosity of Stephan Leimberg and Leimberg Information Services, we are pleased to bring to you complimentary podcasts on the following important updates. IRS Approves Extension of Time to Recharacterize a Roth IRA The IRS has published Private Letter Ruling 201506015, in which they have granted the taxpayer an extension of time to recharacterize a Roth IRA. The taxpayer had learned that the account value had declined due to fraud by an investment manager after the deadline for recharacterizing had passed. To listen to these complimentary podcast, see below: The Administration’s 2016 Budget Proposals The Administration has released…
Decanting an Irrevocable Trust – The Process
Download Printable Article By Steven J. Oshins Esq., AEP (Distinguished) Our clients often set up and fund an irrevocable trust and then come back to us wanting to change the trust terms. This even sometimes happens within a matter of days of funding the trust. Human nature is such that people often change their minds. And it is also likely that circumstances will change after the trust has been funded. We also often review our clients’ and prospects’ existing trusts and find that they weren’t drafted very well. Just as our clients often want to change their irrevocable trusts, advisors…