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Rial Moulton
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The largest generational transfer of wealth in history is starting to happen. It is important that families talk and make plans for it. In the next couple of decades, the world will see what many are calling the "Great Wealth Transfer." Trillions of dollars will flow from wealthy Baby Boomers... Continue reading
Posted 53 minutes ago at Washington Estate Planning
After failing to repeal the Affordable Care Act for now at least, the Trump administration and Congressional Republicans have set their sights on tax reform. The first major item on the agenda for the new Trump Administration and the Republican majority in Congress was to repeal Obamacare. However, with the... Continue reading
Posted yesterday at Washington Estate Planning
The fact that people can expect to live longer than was normal in the past, means that different preparations need to be made. The average life expectancy of Americans has risen for the last century and especially so in the last few decades. Many experts expect that it will continue... Continue reading
Posted 2 days ago at Washington Estate Planning
Michael Jackson's estate has become notorious for its many ongoing legal battles, including feuds between family members and a long fight with the IRS. The estate was recently victorious in one battle. The estate of Michael Jackson has seen more than its fair share of legal disputes. It is likely... Continue reading
Posted 5 days ago at Washington Estate Planning
A reality TV personality is suing her stepsons for what she claims is an attempt to steal a home belonging to her late husband that should rightfully belong to her. The Real Housewives reality TV series is well-known for the family drama it produces. Viewers seem to appreciate seeing the... Continue reading
Posted 6 days ago at Washington Estate Planning
It is obvious that elderly people are not children. However, many elderly people with dementia are often treated as if they were young children. That can be harmful to them. Everyone can tell when another adult is talking to a very small child or a baby, even if they do... Continue reading
Posted 7 days ago at Washington Estate Planning
Researchers at Oxford University have discovered what might be somewhat surprising findings about what types of people are the least afraid of passing away. One of the reasons that people put off estate planning is they are afraid to die. Most people do not think that they will hasten their... Continue reading
Posted Apr 18, 2017 at Washington Estate Planning
A recent case in Florida illustrates why same-sex couples should not rely solely on marriage rights and the laws on intestate succession for estate planning purposes. The Supreme Court might have legalized same-sex marriage throughout the country. However, advocates and observers know that has not eliminated the need to fight... Continue reading
Posted Apr 17, 2017 at Washington Estate Planning
A British lord is connected to a pop star who is notorious for partying uncontrollably. However, it is probably not in the way that you might think. Upon hearing that the Earl of Cardigan, whose ancestor led the famed Charge of the Light Brigade, has a connection to a pop... Continue reading
Posted Apr 14, 2017 at Washington Estate Planning
The long and contentious battle between the children of Frank Zappa continues to be strange. Since his death in 1993, Frank Zappa's children have waged a curious fight over the use of their father's name and music. It is a fight that has seen many tabloid headlines written and almost... Continue reading
Posted Apr 13, 2017 at Washington Estate Planning
While the details change somewhat from survey to survey, there is something that appears to hold true in almost all studies about inheritances. It is that parents and their children have far different expectations about how much the children will inherit. Most people do not really know how many assets... Continue reading
Posted Apr 12, 2017 at Washington Estate Planning
It used to be that once you executed an irrevocable trust, you were more or less stuck with its terms. That is no longer the case. Irrevocable trusts are often far superior to revocable trusts for many reasons, not the least of which is taxes. However, the big drawback to... Continue reading
Posted Apr 11, 2017 at Washington Estate Planning
Not all disputes over an estate are worth bringing. A recent case from the U.K. illustrates why. It is not unusual for people to not get along well with their stepparents. It is the source of many family feuds over estates when adult children of the deceased think a stepparent... Continue reading
Posted Apr 10, 2017 at Washington Estate Planning
A hospital employee offers a free and unique service for dying patients and their families. She will cast the patient's hand, often entwined with the hand of a loved one. When a family member passes away, it is natural to look for some way to preserve his or her memory.... Continue reading
Posted Apr 7, 2017 at Washington Estate Planning
A Colorado town that learned it was home to a frozen Norwegian grandfather, created a festival to celebrate him. Bredo Morstoel is not your average dead body. For many years, he was frozen in liquid nitrogen in California. However, in 1993 his wife and son moved to the town of... Continue reading
Posted Apr 6, 2017 at Washington Estate Planning
Michigan recently became the 17th state to allow asset protection trusts. While these trusts are controversial, they are a good option for people who want to shield their assets from creditors. People have always wanted the ability to protect their money from current or future creditors. It is only natural.... Continue reading
Posted Apr 5, 2017 at Washington Estate Planning
The impact of the Republican plan to replace the Affordable Care Act is contested. The Congressional Budget Office says that it would eventually reduce health insurance premiums by as much as 10%. How the bill would do that, could be concerning to many older Americans. The non-partisan Congressional Budget Office... Continue reading
Posted Apr 4, 2017 at Washington Estate Planning
People who are not married and who do not have children, often think they do not need wills. They are wrong. One of the primary reasons why people get estate plans is to make sure that their spouses and children are provided for, after they pass away. On the other... Continue reading
Posted Apr 3, 2017 at Washington Estate Planning
On the whole, Americans are woefully unprepared for retirement. If current trends continue, it will be an even bigger problem than you might imagine. When it comes to Americans and retirement savings, study after study shows the same thing. The average American saved far less than experts think they will... Continue reading
Posted Mar 31, 2017 at Washington Estate Planning
A federal law passed late last year, designed to make it easier for families to recover art stolen by the Nazis, is getting its first test in a New York court. While the Nazis were plundering Europe, one of the many things they did was to steal artwork from the... Continue reading
Posted Mar 30, 2017 at Washington Estate Planning
Alzheimer's is so expensive to treat, that it presents a very real threat to both Medicaid and Medicare. The mostly costly disease to treat is Alzheimer's. A total of one out of every five dollars is currently spent by Medicaid and Medicare to treat the disease. If the costs are... Continue reading
Posted Mar 29, 2017 at Washington Estate Planning
The long family feud that is the Michael Jackson estate battle continues. This time it involves allegations of elder abuse. Were Leo Tolstoy alive today and wanted to write another long novel about family drama, he could use the Michael Jackson estate battle as a template. The estate still has... Continue reading
Posted Mar 28, 2017 at Washington Estate Planning
To help offset the costs of the estate tax, many wealthy people purchase survivorship insurance. Now that a repeal of the federal estate tax is possible, some might be considering dropping those insurance policies. However, that might not be a good idea. Paying the federal estate tax has never been... Continue reading
Posted Mar 27, 2017 at Washington Estate Planning
To help offset the costs of the estate tax, many wealthy people purchase survivorship insurance. Now that a repeal of the federal estate tax is possible, some might be considering dropping those insurance policies. However, that might not be a good idea. Paying the federal estate tax has never been... Continue reading
Posted Mar 27, 2017 at Washington Estate Planning
If the federal government decides to crackdown and enforce laws prohibiting marijuana, even in states where it is legal, it could have a negative impact on a group of people that are not often associated with the drug: the elderly. If you were asked to form a mental image of... Continue reading
Posted Mar 24, 2017 at Washington Estate Planning