Sep 7, 2018

Why Worry About Community Property?

Community Property-842609122

In the United States, there are nine community property states: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin. Additionally, Alaska, Tennessee and Puerto Rico are elective community property jurisdictions. If you are reading this and you do not reside in one of these states, you might have thought to yourself, “I am… Read more


May 30, 2018

What’s in a Name? (Part 1)

SigningtheDeed

Titling assets correctly is an essential part of a successful estate plan. Title controls how assets pass at the owner’s death. Depending on the title, some assets pass under terms of the Will, by operation of law, or pursuant to a beneficiary designation. While it is an integral aspect of planning, properly titling assets is… Read more


Apr 13, 2018

Repairing a Broken Trust

Irrevocable Trust

A trust usually forms a critical part of one’s estate plan.  For example, it is often used to transfer: Family wealth to the younger generation in a tax efficient manner; Interests in family businesses; Property in a way that protects a beneficiary from his or her otherwise unfettered spending; Property so that it is protected… Read more


Aug 22, 2017

Georgia’s New Uniform Power of Attorney Act in Review (Part One)

Power of Attorney

Effective July 1st of this year, Georgia’s new Uniform Power of Attorney Act (“UPOAA”) applies to most written, general, financial powers of attorney.  A power of attorney (“POA”) allows for one party (the “principal”) to grant authority to another party (the “attorney-in-fact” or “agent”) to act in the principal’s stead with regard to the principal’s… Read more


Jun 29, 2017

The Prospect of Estate Tax Repeal: What to Do Now

Estate Tax Repeal

With the election of Donald Trump as the 45th President of the United States, the prospect of tax reform, and specifically repeal of the Federal estate tax, has become more plausible.  Repeal of the Federal estate and generation-skipping transfer tax was part of the “Blueprint” for tax reform announced by Republicans in June 2016.  Predicting… Read more


May 24, 2017

The Importance of Reviewing Your Will

Last Will and Testament

Many people neglect to review their Wills, which often can have devastating results. We have advised clients that have found themselves in unfortunate situations and needed legal advice and counsel to deal with the consequences of an outdated will. Recounting a recent experience – When did I last review my Will? 1997. Yes, I remember… Read more


Apr 25, 2017

National Health Care Decisions Day: Do You Know Where Your Advance Directive Is?

Estate Planning

National Health Care Decisions Day was recognized this year the week of April 16-22. The purpose of the week was to focus on weaving Advance Directives and end-of-life care planning “into the fabric of life1.” Although the week has passed, it is critical to understand the importance of Advance Directives. What is an Advance Directive?  Often… Read more


Sep 7, 2016

Call to Action: Proposed Regulations May Limit Valuation Discounts

The Internal Revenue Service published proposed regulations on August 4, 2016 that will severely limit valuation discounts on the transfer of ownership interests to family members in family-controlled entities, such as corporations, partnerships and limited liability companies.  The proposed regulations will apply to all family-controlled entities, even those that own operating businesses. Generally, when a… Read more



Sep 14, 2015

Lost and Found: Musings on the Tax Consequences of a Found Violin

Recently it was reported that Roman Totenberg’s Stradivarius was found 35 years after its suspected theft.  The Stradivarius disappeared in 1980, believed by most to have been stolen.  The violin surfaced this past June when an appraiser identified the Stradivarius as the missing violin. Eventually, Roman Totenberg’s daughters recovered the violin as his heirs.  Mr…. Read more