New clients came in to review and update an estate plan they had set up several years ago. The estate plan included separate trusts for each spouse, which contained provisions to lessen the potential impact of federal estate taxes on their estates after their deaths. The trusts were drafted at a time when the federal […]
https://www.thomasdelpup.com/wp-content/uploads/2015/04/photodune-883988-estate-planning-worksheet-s1.jpg632948Tom DelPuphttps://www.thomasdelpup.com/wp-content/uploads/2014/08/thomasjdelpup-lg-v3.pngTom DelPup2015-04-28 19:09:162017-07-05 22:09:12We Did Our Trusts When Estate Taxes Were an Issue, Do We Still Need Separate Trusts?
Who is a “beneficiary?” The word includes more than just the recipient of insurance funds or the inheritor of property. A beneficiary can be the recipient of funds or other property from a will, trust, retirement plan or life insurance. But there are differences with each beneficiary type. A recent article in the Chicago Tribune […]
https://www.thomasdelpup.com/wp-content/uploads/2015/04/photodune-883988-estate-planning-worksheet-s1.jpg632948Tom DelPuphttps://www.thomasdelpup.com/wp-content/uploads/2014/08/thomasjdelpup-lg-v3.pngTom DelPup2015-04-21 15:16:002017-07-05 22:09:125 Points to Consider When Naming a Beneficiary
The 8th Circuit Court of Appeals recently upheld a decision by the Social Security Administration to reject a type of special needs trust, known as a “(d)(4)(A) trust” (a trust designed to hold the assets belonging to a disabled person). A (d)(4)(A) trust is commonly used in special needs planning to qualify a disabled individual […]
https://www.thomasdelpup.com/wp-content/uploads/2014/10/photodune-2943912-social-security-s.jpg630951Tom DelPuphttps://www.thomasdelpup.com/wp-content/uploads/2014/08/thomasjdelpup-lg-v3.pngTom DelPup2015-04-13 11:46:512017-07-05 22:09:12Court of Appeals Upholds Rejection of SSI Special Needs Trust
A colleague of mine told me about a recent call from a person who had received unemployment benefits last year, and now the State of Michigan has sent him a notice he was overpaid and is demanding return of the overpayment amount, with fines and penalties to boot. The caller explained that he was back to work, […]
https://www.thomasdelpup.com/wp-content/uploads/2015/04/photodune-4750690-woman-with-debts-and-bills-s.jpg632950Tom DelPuphttps://www.thomasdelpup.com/wp-content/uploads/2014/08/thomasjdelpup-lg-v3.pngTom DelPup2015-04-07 15:22:302017-07-05 22:09:12What The Heck? I Collected Unemployment Benefits Last Year And Now The State Wants Me To Pay Them Back!
Now after the Sabbath, as the first day of the week began to dawn, Mary Magdalene and the other Mary came to see the tomb. And behold, there was a great earthquake; for an angel of the Lord descended from heaven, and came and rolled back the stone from the door, and sat on it. […]
We Did Our Trusts When Estate Taxes Were an Issue, Do We Still Need Separate Trusts?
/in Asset Protection, Estate Planning, Wills & TrustsNew clients came in to review and update an estate plan they had set up several years ago. The estate plan included separate trusts for each spouse, which contained provisions to lessen the potential impact of federal estate taxes on their estates after their deaths. The trusts were drafted at a time when the federal […]
5 Points to Consider When Naming a Beneficiary
/in Asset Protection, Estate Planning, Life Insurance, Retirement Planning, Wills & TrustsWho is a “beneficiary?” The word includes more than just the recipient of insurance funds or the inheritor of property. A beneficiary can be the recipient of funds or other property from a will, trust, retirement plan or life insurance. But there are differences with each beneficiary type. A recent article in the Chicago Tribune […]
Court of Appeals Upholds Rejection of SSI Special Needs Trust
/in Asset Protection, Disability Law, Social Security, Uncategorized, Wills & TrustsThe 8th Circuit Court of Appeals recently upheld a decision by the Social Security Administration to reject a type of special needs trust, known as a “(d)(4)(A) trust” (a trust designed to hold the assets belonging to a disabled person). A (d)(4)(A) trust is commonly used in special needs planning to qualify a disabled individual […]
What The Heck? I Collected Unemployment Benefits Last Year And Now The State Wants Me To Pay Them Back!
/in Bankruptcy, Consumer Protection, UncategorizedA colleague of mine told me about a recent call from a person who had received unemployment benefits last year, and now the State of Michigan has sent him a notice he was overpaid and is demanding return of the overpayment amount, with fines and penalties to boot. The caller explained that he was back to work, […]
He Is Risen!
/in UncategorizedNow after the Sabbath, as the first day of the week began to dawn, Mary Magdalene and the other Mary came to see the tomb. And behold, there was a great earthquake; for an angel of the Lord descended from heaven, and came and rolled back the stone from the door, and sat on it. […]