Estate and Elder Law

Recent Posts

Bankruptcy Courts Agree - Inherited IRAs Exempt
Posted on 31 Aug 2011 by Gregory Herman-Giddens

With the Texas case of In re Chilton reversed in U.S. District Court, which held that the debtor's inherited IRA was exempt from the claims of creditors, all bankruptcy courts that have ruled on the issue have determined that inherited IRAs... Read More

Senator Baucus Proposes Big Changes to IRAs
Posted on 10 Feb 2012 by Gregory Herman-Giddens

I've been a big proponent of planning to preserve the ability to "stretch" inherited IRAs over the life expectancy of the beneficiary, which allows for tremendous tax-deferred growth. In what came as a big surprise, to me anyway, Senator... Read More

Federal Court Bars Missouri Lawyer from Promoting Individual Retirement Account Tax Arrangements
Posted on 22 Sep 2010 by LexisNexis Estate and Elder Law Community Staff

From the US Department of Justice : Philip A. Kaiser of St. Louis Also Must Provide Client List to Justice Department WASHINGTON - A federal judge in St. Louis has permanently barred a Missouri attorney and his law firm from promoting any... Read More

Year-End Tax Planning Tips
Posted on 14 Dec 2011 by Sandra L. Smith

With the holidays upon us, it's time to do some planning that can help reduce your tax bill this year. Contributing to your retirement plan is a fast and easy way to cut your taxes, while building your nest egg. The federal limit for 401(k) contributions... Read More

Qualified Longevity Annuity Contracts
Posted on 14 Feb 2012 by Marc J. Soss

Proposed regulation 115809-11 would allow IRA participants in 403(b), eligible governmental 457 plans, and IRAs other than a Roth IRA or defined benefit plan to purchase annuity contracts. The annuity contracts would begin at an advanced age. The proposed... Read More

IRS Allows Rollover of IRA from Estate to Spouse
Posted on 2 Apr 2012 by Gregory Herman-Giddens

As I tell my clients and audiences during presentations, one should never name one's estate as beneficiary of an IRA or other retirement account. If the estate is the beneficiary, whether from a purposeful designation, failure to name a beneficiary... Read More

Qualified Longevity Annuity Contracts
Posted on 14 Feb 2012 by Marc J. Soss

Proposed regulation 115809-11 would allow IRA participants in 403(b), eligible governmental 457 plans, and IRAs other than a Roth IRA or defined benefit plan to purchase annuity contracts. The annuity contracts would begin at an advanced age. The proposed... Read More

Senator Baucus Proposes Big Changes to IRAs
Posted on 10 Feb 2012 by Gregory Herman-Giddens

I've been a big proponent of planning to preserve the ability to "stretch" inherited IRAs over the life expectancy of the beneficiary, which allows for tremendous tax-deferred growth. In what came as a big surprise, to me anyway, Senator... Read More

Federal Court Bars Missouri Lawyer from Promoting Individual Retirement Account Tax Arrangements
Posted on 22 Sep 2010 by LexisNexis Estate and Elder Law Community Staff

From the US Department of Justice : Philip A. Kaiser of St. Louis Also Must Provide Client List to Justice Department WASHINGTON - A federal judge in St. Louis has permanently barred a Missouri attorney and his law firm from promoting any Individual... Read More

Year-End Tax Planning Tips
Posted on 14 Dec 2011 by Sandra L. Smith

With the holidays upon us, it's time to do some planning that can help reduce your tax bill this year. Contributing to your retirement plan is a fast and easy way to cut your taxes, while building your nest egg. The federal limit for 401(k) contributions... Read More