Friday, June 19, 2009

Press Coverage of Estate Planning This Week (June 19, 2009)

Max Alexander of Dow Jones Newswires writes how priorities and a plan are needed when inheriting money.  Too often, short-sighted decisions lead to big financial problems.  See Inheritance Isn't Always an Easy Street (June 17, 2009).

Dennis Fordham, Esq., writes in Lake County News (Calif.) about how a charitable remainder trust works and some of the advantages, including tax savings on the sale of appreciated assets and better management of income to spread and possibly lower the donor's income taxes.  See Estate Planning: Charitable Remainder Trusts (June 15, 2009).

Victoria E. Knight of Dow Jones Newswires notes that there appear to be increasing cases of children turning to their parents for financial help, and sometimes crossing the line.  In some cases, children are making a grab for assets from frail parents, coercing parents to lend, or borrowing but never paying back the money, with no paper trail.  See Elderly's Assets Can Prove Too Tempting (June 16, 2009).

Daniel O. Tully, Esq., writes in the Bristol Press (Conn.) about reorganizing your estate plan to simplify things where possible, review life insurance policies, and refocus on your estate planning priorities.  See Senior Signals: On Estate Planning (June 14, 2009).