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In a private letter ruling recently, the IRS addressed the issue of transferring an inherited IRA into a Special Needs Trust. The law around taxation of inherited IRAs and the interaction with trusts has been unpredictable and fast-moving for several years now.Fortunately, this private letter ruling indicates the direction the IRS is headed on [...]
Contesting a Will: Protect Your Parents From Undue Influence
Ways to Avoid Will Contests and Estate Litigation
In our estate litigation practice, inquiries from persons seeking to contest a decedent’s last will and testament are on the rise. Often the inquiry comes as the result of a parent having made an unequal distribution among his or [...]
The procedures in an estate administration may take from six months to several years, and a client’s patience may be sorely tried during this time. However, it has been our experience that clients who are forewarned have a much higher tolerance level for the slowly turning wheels of justice.
The following is a portion of the [...]