Friday, July 03, 2009 Press Coverage of Estate Planning This Week (July 3, 2009)H. Michael Okby writes in The Saratogian (Saratoga Springs, N.Y.) about the importance of married couples preserving both estate tax exemptions through use of a credit shelter trust. While passing all of your assets to your spouse may sound reasonable, this approach could result in unnecessary estate taxes of up to 45 percent later. See Protect Assets with Credit Shelter Trust (June 28, 2009).
Martin Shenkman, Esq. writes in Financial Planning that estate planning for special needs children is complicated and subject to dangerous misunderstandings. He lists three common misperceptions and offers some advice and planning tips, including discussing the role of special needs trusts and insurance. See A Special Plan (July 1, 2009). |