Estate Planning practitioners field questions regarding disinheriting beneficiaries regularly. The second question often relates to what happens when that beneficiary or any other tries to have the estate plan or portions thereof overturned. An “in terrorem” or “no contest” clause usually acts as a deterrent to such beneficiaries by completing divesting them of their inheritance should they choose to initiate a lawsuit. Read on to learn more … [Read more...] about What an In Terrerem Clause Can Do for You
The Toll of Serving as Fiduciary
Estate Planning attorneys balance competing interests when helping clients decide who they should name as personal representative and trustee. Some of the factors that a client needs to consider are the nominee’s responsibility, financial savvy, and temperament. These factors influence the fiduciary’s ability to pay debts, expenses, claims, negotiate on behalf of the estate, and to conclude the administration of the estate or trust. While many individuals consider acting in this capacity a great … [Read more...] about The Toll of Serving as Fiduciary
The Power in Powers of Appointment
Estate Planning attorneys balance competing interests when creating estate plans. Uncertainty about the future concerning taxes and each beneficiary’s situation requires flexibility in an Estate Plan. Powers of appointment offer Estate Planning attorneys a way to add flexibility to a plan without complication. When creating powers of appointment, it’s important to consider not only the reason for including the power but also the way it needs to be exercised. Read on to learn more … [Read more...] about The Power in Powers of Appointment
California Probate Thresholds (VIDEO)
In this Vlog, Attorney Justin M. Kennedy discusses the 2022 updated California Probate Thresholds. … [Read more...] about California Probate Thresholds (VIDEO)
Application of the Updated Life Expectancy Tables
Blog Author: Tereina Stidd, J.D., LL.M. (Tax), Associate Director of Education, American Academy of Estate Planning Attorneys, Inc. Although Individual Retirement Accounts (“IRAs”) have become ubiquitous in the Estate Planning world, they are relatively young having been created in 1974 with the passage of the Employee Retirement Income Security Act. Recently, the Setting Every Community Up for Retirement Enhancement Act of 2019 (“SECURE Act”) made significant changes to the rules regarding … [Read more...] about Application of the Updated Life Expectancy Tables
Interview with Dementia Counselor Tami Anastasia Part Three – Communication and Dementia (VIDEO)
In this video, Litherland, Kennedy & Associates Geriatric Care Manager Dedra Jize interviews Dementia Counselor Tami Anastasia about the challenges of effective communication when interacting with someone who has dementia. This is the third in a series of video discussions between Dedra and Tami and we are excited to be able to provide these helpful resources on dementia and caregiving. Visit Tami Anastasia's website https://tamianastasia.com/ for information on Caregiver Counseling, … [Read more...] about Interview with Dementia Counselor Tami Anastasia Part Three – Communication and Dementia (VIDEO)
Repeal the Death Tax Act Initiative (VIDEO)
In this Vlog, Attorney Justin M. Kennedy discusses the Repeal the Death Tax Act Initiative. This video was published on 4/12/22. Please note that this initiative did not receive enough signatures to make the November 2022 ballot You can view the fact sheet on the Repeal the Death Act Initiative here. … [Read more...] about Repeal the Death Tax Act Initiative (VIDEO)
Interview with Dementia Counselor Tami Anastasia Part Two – Progression of Dementia and Driving (VIDEO)
In this video, Litherland, Kennedy & Associates Geriatric Care Manager Dedra Jize interviews Dementia Counselor Tami Anastasia about the Progression of Dementia and Driving. This is the second in a series of video discussions between Dedra and Tami and we are excited to be able to provide these helpful resources on dementia and caregiving. Visit Tami Anastasia's website https://tamianastasia.com/ for information on Caregiver Counseling, Caregiver Support Groups, Dementia Resources … [Read more...] about Interview with Dementia Counselor Tami Anastasia Part Two – Progression of Dementia and Driving (VIDEO)
Attorney Justin M. Kennedy Appointed to the Board of Governors of the American Academy of Estate Planning Attorneys
The American Academy of Estate Planning Attorneys has appointed Attorney Justin M. Kennedy to the Academy’s Board of Governors. In his new capacity, Justin will serve as an advisor and help guide the direction of the national member organization. He joins eight other attorneys from around the country on the prestigious Board, which is the most important advisory panel to the senior management team at the Academy. Board members participate in research and development and provide feedback on all … [Read more...] about Attorney Justin M. Kennedy Appointed to the Board of Governors of the American Academy of Estate Planning Attorneys
Interview with Dementia Counselor Tami Anastasia (VIDEO)
In this video, Litherland, Kennedy & Associates Geriatric Care Manager Dedra Jize interviews Dementia Counselor Tami Anastasia about her new book "Essential Strategies for the Dementia Caregiver - Learning to PACE Yourself." This is the first in a series of video discussions between Dedra and Tami and we are excited to be able to provide these helpful resources on dementia and caregiving. To view Part Two in this series of interviews with Dementia Counselor Tami Anastasia regarding … [Read more...] about Interview with Dementia Counselor Tami Anastasia (VIDEO)
