Estate and Elder Law

Recent Posts

John Dedon On Estate Planning: Estate Planning – What a Difference a Year Makes
Posted on 3 Dec 2013 by John Dedon

In contrast to this time last year, when clients were frantically gifting to save estate tax before adverse tax law changes, this year has returned to the norm, with more traditional and routine end of year planning. In December 2012, Congress at the... Read More

Dedon on Estate Planning: Disposition of Tangible Personal Property in a Side Letter
Posted on 14 Feb 2014 by John Dedon

A common question asked by clients preparing their Wills is how to dispose of tangible personal property upon death. For example, I am asked, "I have jewelry and a coin collection, do I need to specify how those items are distributed among my children... Read More

Dedon on Estate Planning: Pets and Estate Planning
Posted on 3 Mar 2015 by John Dedon

Bella - A Tribute | Anyone who has not felt the sadness and loss from the death of a pet either has never owned a pet or is devoid of humanity. My three pound Yorkie, Bella (technically, my daughter's dog, but you know how that works), had neurological... Read More

John Dedon On Estate Planning: Is It R.I.P. For IRAs?
Posted on 5 Nov 2014 by John Dedon

In an October online article in The Wall Street Journal , the reporter described how Congress is examining large IRAs, and IRAs holding real estate and closely held business interests. Congress’ concern is that IRA income tax advantages are being... Read More

John Dedon On Estate Planning: Planning Not Just For The ‘Very Wealthy’
Posted on 5 Nov 2014 by John Dedon

Russ Alan Prince, for Forbes, published an article on October 13, titled "The Very Wealthy Embrace Severe Disaster Contingency Planning." The article outlined how today, "the exceptionally wealthy [are] vulnerable to geopolitical instability... Read More

John Dedon on Estate Planning: Kardashian Family Continues to Teach Estate Planning Lessons
Posted on 3 Nov 2015 by John Dedon

My March 30, 2015 Post, discussed how Kris Jenner, the matriarch of the Kardashian family, was confused about the difference between 1) her Will and the role of the Executor, and 2) her Living Will and the role of the agent. In an episode of "Keeping... Read More

John Dedon On Estate Planning: Are Asset Discounts on Family Transfers a Thing of the Past?
Posted on 7 Jul 2015 by John Dedon

Perhaps the primary estate planning strategy utilized in reducing gift and estate tax for several decades has been taking advantage of discounts for family transfers of closely held businesses and real estate interests. These same discounts also apply... Read More

John Dedon On Estate Planning: Preparing a Certificate of Trust
Posted on 3 Dec 2013 by John Dedon

Clients often ask about a Trust "Certificate" or "Certification." A Trust Certificate serves as a summary of the Trust provisions, and is designed to provide third parties, such as banks, insurance companies, or financial institutions... Read More

Type III Supporting Organizations - Now That The Dust Has Settled
Posted on 12 Mar 2013 by John Dedon

Type III Supporting Organizations ("SO"), which are those "operating in connection with" one or more supported organizations, are treated as public charities because they support one or more public charities. ("SO" herein... Read More

Dedon on Estate Planning: Ringing in the New Year With Good Estate Tax News
Posted on 9 Jan 2014 by John Dedon

By John Dedon In the estate tax world, 2013 ended in stark contrast to the frantic planning during 2012. 2013 marked a return to fundamental estate planning; namely, using Wills, Revocable Trusts, Powers of Attorney and Medical Directives, to protect... Read More

Estate Planning for the New Year
Posted on 3 Jan 2012 by John Dedon

Happy New Year The end of the year and the start of a new one is the traditional time for retrospectives and predictions. In the estate world, the dominate theme in 2011 was the extraordinary asset transfer opportunities available to the wealthy... Read More

John Dedon On Estate Planning: 1031 Exchanges And End Of Year Planning
Posted on 5 Nov 2014 by John Dedon

My partner, David Lawrence, is an expert on Section 1031 tax-free exchanges involving investment real estate. His thoughts regarding end of year planning and the advantages of 1031s is below. Tax Straddling When Selling Investment Property Between... Read More

John Dedon on Estate Planning: Buy-Sell Arrangements and Irrevocable Insurance Trusts
Posted on 16 Jul 2015 by John Dedon

A common estate planning strategy for people with taxable estates is to have an irrevocable trust own life insurance, rather than owning the insurance themselves. Even with the current amount an individual can protect from estate tax at $5,340,000, some... Read More

John Dedon on Estate Planning: Good news on Estate Tax Exemption
Posted on 3 Nov 2015 by John Dedon

The IRS recently announced the inflation adjusted figures for gift and estate tax exemption amounts for 2016. The annual exclusion amount remains at $14,000. That is the amount that can be gifted to US citizens each year without eroding the per person... Read More