Sally Chung, CFP, ChFC, JD, Elder Law Planning® subscriber, bestows a “basket of thanks” upon InterActive Legal’s Teresa Bush
Recently, InterActive Legal Director of Education and Support Services, Teresa Bush, received a sincere and generous “Thank You” from subscriber Sally Chung, who migrated over from a competitor in the Elder Law document drafting arena.
Ms. Chung had requested additional assistance in document selection and interviews within the ILS drafting suite. Teresa went above and beyond in assisting Ms. Chung with the transition from her old system to the more robust drafting system offered by InterActive Legal.
Rock-steady guidance and leadership from Teresa was rewarded in the form of a super-sized gourmet gift basket, sent virtually across the country, from our new subscriber.
We’re proud Teresa is one of our cornerstones. Rock on Teresa!
A television show in the early 2000's had a frequently-used bit where a popular guy would introduce his somewhat shy friend to women at the neighborhood bar with the quick line “Have you met Ted?” It’s likely that the women otherwise never would have had the opportunity to meet Ted, as he was a bit of a wallflower. I feel the same way about the Clayton QTIP.
Before joining InterActive Legal (ILS) in 2007, I practiced estate planning law for sixteen years, and I never once drafted a document using a Clayton QTIP. Nor, to my knowledge, did any of the attorneys with whom I practiced. Honestly, we didn’t pay much attention to the Clayton decision back then. Only when I began working with ILS documents did I learn what a great option the Clayton QTIP can be for flexibility in estate planning, as an alternative – or in addition to – a disclaimer plan. Had I not started working with ILS, I probably never would have taken the opportunity to understand this planning tool.
Some attorneys feel that Elder Law and Estate Planning are distinct disciplines, and that a focus on one or the other for each individual client is critical. Others are of the opinion that Elder Law is really just good Estate Planning. Said another way, Estate Planning itself is already the type of asset protection engaged in by Elder Law practitioners, so Estate Planners are ideally positioned to serve Elder Law clients as well. But which theory is correct?
In this live roundtable, our panelists will discuss the overlap between traditional Estate Planning and Elder Law asset protection planning.
Melbourne, FL — InterActive Legal is pleased to welcome estate and elder law planning attorney Elizabeth Q. Boehmcke to the company’s growing legal team.
As the newest of InterActive Legal’s dedicated on-staff attorneys, Beth will work with the other members of the Content Team to develop and maintain the InterActive Legal program content, and add to the wealth of online resources available to InterActive Legal subscribers. Beth’s talent and extensive experience in elder law and estate planning will continue to elevate the high quality of the InterActive Legal brand and products, helping to serve the needs of InterActive Legal subscribers, and allowing her to make a continued contribution to the elder law and estate planning practice.
Jonathan Blattmachr recognized for years of teaching and support
Jonathan Blattmachr (on right) holding the crystal award presented by STEP Chair, Kristin Yokomoto (not pictured). Next to Mr. Blattmachr is STEP, Orange County Program Officer, Richard Albrecht.
Melbourne, FL - The Society of Trust and Estate Practitioners (STEP) Orange County has honored Jonathan G. Blattmachr as the very first recipient of STEP’s Lifetime of Service Award at the 7th Annual Institute on Tax, held February 15-16, 2018 in Newport Beach, California.
On February 15, 2018, STEP Orange County recognized Jonathan Blattmachr, the Founder of Pioneer Wealth Partners, Co-Founder and Editor-in-Chief of Interactive Legal, and Director of Estate Planning of Peak Trust Company, for his decades of contribution to the estate planning industry. He was awarded with STEP Orange County’s first Lifetime of Service Award.
Medicare Set Asides (MSAs) are common in the Workers’ Comp field and may become more commonplace in liability cases sooner than later. At settlement, many attorneys acknowledge that their clients are incapable of managing the settlement proceeds, but many do not know the effect that an award can have on means-tested benefits such as Medicaid and SSI.
President Trump signed the Tax Cuts and Jobs Act into law on December 22, 2017, making massive changes to business, personal, and estate tax rules. Every aspect of planning will be affected: asset protection, charitable giving, planning for itemized deductions, choice of entity, trust income tax planning, the structure of trusts (grantor vs. non-grantor, ING, SLATs, DAPTs, etc.), and more.
This is the most sweeping tax legislation since the 1986 tax act. It might also be the most quickly cobbled together and passed piece of major tax legislation ever, creating a myriad of questions and issues. It will transform estate planning. Income tax planning (and not just basis maximization), will be the new driver to motivate clients. New trust techniques will help practitioners serve this changing dynamic.
A brand-new book, "Estate Planning Under the 2017 Tax Reconciliation Act", by Martin Shenkman, Jonathan Blattmachr, and Joy Matak addresses this legislation in incredible detail.
The book explains many of the new provisions and explores how planning will change, with an emphasis on estate and transfer tax planning, and tax planning for individuals. We're excited to work with our partners to offer a Pre-Publication version of this ground-breaking and incredibly timely book, available for digital download as a PDF.
Author: Charley Mann, Chief Marketing Officer, Great Legal Marketing
Rolling over into a new year has special implications for any attorney dealing with long-term financial planning, such as estate planning, elder law, and special needs planning. Many “planning attorneys” like you are handling responsibilities with tax season for clients and possibly coordinating with other professionals. For some offices, this adds a good bit of extra strain at the beginning of a new year.
However, this doesn’t mean you can relax on your marketing! After all, once the dust settles, you don’t want to have a stagnant year ahead of you. Knowing that you’ll be extra busy with legal work for the first quarter, your best bet is to prepare now for whatever marketing you want to do during the first half of the year.
The Tax Cuts and Jobs Act of 2017 (the "Act"), signed into law on December 22, 2017, makes sweeping changes to U.S. tax law. The Act touches on almost every aspect of tax law, including the estate and gift tax. The amount of the basic exclusion from estate tax is increased from $5 million to $10 million, which, adjusted for inflation, means that decedents dying in 2018 will have an $11.2 million exclusion from federal estate tax. Unlike prior versions of the legislation, the final Act does not provide for the ultimate repeal of the estate tax. Instead, it includes a "sunset" for the increased estate tax exemption, by providing that the increased basic exclusion amount applies to estates of decedents dying before January 1, 2026.