The National Business Institute (NBI) is offering a day-long seminar entitled “Probate & Trust Administration – What You Need to Know About Probate and Trust Administration,” on August 19, 2019, at the Wyndham Garden in Ann Arbor, Michigan. (Full disclosure: I am one of the presenters.) Program Description (From NBI): Working through issues that arise […]
https://www.thomasdelpup.com/wp-content/uploads/2014/12/photodune-3832188-estate-planning-s.jpg632948Tom DelPuphttps://www.thomasdelpup.com/wp-content/uploads/2014/08/thomasjdelpup-lg-v3.pngTom DelPup2019-07-12 11:43:172019-07-12 11:43:19NBI Seminar: What You Need to Know About Probate & Trust Administration
“I don’t need a lawyer. I don’t have an estate, just have a house and some bank accounts. My family can help me out, and look, here’s a form I found on the internet I can use. What can go wrong?” Yet time and again, what appears to be a simple and effective way to […]
My pup, Frisco, is almost 15 years old. Frisco is a miniature Australian Shepherd. Whip smart, obedient, gentle, and loves the hugs. She’s in good health for her age, though her stamina has diminished, her hearing is failing and so is the vision in her left eye. But she still loves going for walks and […]
https://www.thomasdelpup.com/wp-content/uploads/2014/08/thomasjdelpup-lg-v3.png00Tom DelPuphttps://www.thomasdelpup.com/wp-content/uploads/2014/08/thomasjdelpup-lg-v3.pngTom DelPup2019-04-05 16:25:072019-04-09 17:18:16Is It Time? End of Life Decision Making for Pets
Uniform Transfers to Minors Act (UTMA) accounts are a popular tool for gifting assets to minors. They can easily be set up without the services of an attorney or accountant. A contribution to an UTMA account is considered a completed gift for tax purposes, but the minor beneficiary is prohibited from accessing the funds in […]
https://www.thomasdelpup.com/wp-content/uploads/2014/10/gavel.jpg6861030Tom DelPuphttps://www.thomasdelpup.com/wp-content/uploads/2014/08/thomasjdelpup-lg-v3.pngTom DelPup2019-04-01 12:28:572019-04-01 12:28:59UTMA Account Seized in Bankruptcy - What Can We Learn?
A client, “Susan,” contacted me recently to help settle the affairs of her recently deceased son, “Frank.” Frank owned a traditional IRA that has a fairly substantial balance. Unfortunately, Frank did not list a beneficiary for the account. Shelly is Frank’s only living heir. Frank was 57 when he died in 2018. What are Susan’s […]
https://www.thomasdelpup.com/wp-content/uploads/2014/11/photodune-7029553-ira-word-cloud-concept-angled-s.jpg775775Tom DelPuphttps://www.thomasdelpup.com/wp-content/uploads/2014/08/thomasjdelpup-lg-v3.pngTom DelPup2019-03-08 15:45:412019-03-08 15:45:43Middle Aged Man Dies Leaving Substantial IRA With No Beneficiary – What Happens Next?
NBI Seminar: What You Need to Know About Probate & Trust Administration
/in Estate Planning, Probate, Tax Planning, Taxes, Wills & Trusts /by Tom DelPupThe National Business Institute (NBI) is offering a day-long seminar entitled “Probate & Trust Administration – What You Need to Know About Probate and Trust Administration,” on August 19, 2019, at the Wyndham Garden in Ann Arbor, Michigan. (Full disclosure: I am one of the presenters.) Program Description (From NBI): Working through issues that arise […]
DIY Estate Planning – Another Cautionary Tale
/in Asset Protection, Estate Planning, Financial Planning, Power of Attorney, Probate, Wills & Trusts /by Tom DelPup“I don’t need a lawyer. I don’t have an estate, just have a house and some bank accounts. My family can help me out, and look, here’s a form I found on the internet I can use. What can go wrong?” Yet time and again, what appears to be a simple and effective way to […]
Is It Time? End of Life Decision Making for Pets
/in Pets, Uncategorized /by Tom DelPupMy pup, Frisco, is almost 15 years old. Frisco is a miniature Australian Shepherd. Whip smart, obedient, gentle, and loves the hugs. She’s in good health for her age, though her stamina has diminished, her hearing is failing and so is the vision in her left eye. But she still loves going for walks and […]
UTMA Account Seized in Bankruptcy – What Can We Learn?
/in Asset Protection, Bankruptcy, Beneficiary Planning, Divorce, Estate Planning, Financial Planning, Uncategorized /by Tom DelPupUniform Transfers to Minors Act (UTMA) accounts are a popular tool for gifting assets to minors. They can easily be set up without the services of an attorney or accountant. A contribution to an UTMA account is considered a completed gift for tax purposes, but the minor beneficiary is prohibited from accessing the funds in […]
Middle Aged Man Dies Leaving Substantial IRA With No Beneficiary – What Happens Next?
/in Asset Protection, Beneficiary Planning, Estate Planning, Financial Planning, IRAs, Retirement Planning, Tax Planning, Taxes, Uncategorized /by Tom DelPupA client, “Susan,” contacted me recently to help settle the affairs of her recently deceased son, “Frank.” Frank owned a traditional IRA that has a fairly substantial balance. Unfortunately, Frank did not list a beneficiary for the account. Shelly is Frank’s only living heir. Frank was 57 when he died in 2018. What are Susan’s […]