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Articles

Your Will May Not Be the Last Word

  Your Will May Not Be the Last Word by Eric M. Schorr After putting it off for years, you finally got around to making a will. Now your estate plan is complete–or is it? Many people put a great deal of thought and effort into creating their estate plans. They take the time to [...]

The Special Needs Trust Fairness Act is Law

Individuals with Disabilities can Establish Their Own Trust As of December 13, 2016, persons who are mentally capable will now be able to establish their own self-settled special needs trust (SNTs). Incredibly, this type of trust could be established before this date by a parent, grandparent, a guardian (tutor, in Louisiana) [...]

Keys to a successful GRAT

Keys to a successful GRAT So, your estate exceeds the Federal Estate Tax Exemption; or, maybe you’ve exhausted your Federal Estate Tax Exemption or Generation Skipping Transfer Tax Exemption. What can/should you do now? One option that is attractive in today’s low-interest rate environment is a GRAT.  The acronym “GRAT” stands for Grantor-Retained [...]

10 Big Legal Mistakes Made by Startups

10 Big Legal Mistakes Made by Startups As commercial litigation attorneys, we have seen plenty of legal mistakes made by entrepreneurs and start-up companies. The following are some of the more common and problematic legal mistakes we have seen. Not making the deal clear with co-founders. Not starting the business as a [...]

Special Needs Trusts & the “ABLE” Act

Estate Planning for Children with Special Needs: "Special Needs Trusts" and the "ABLE" Act When seeking benefits for a disabled relative, it is important to know what all of your options are. The government offers different opportunities to receive benefits for your loved ones and an estate attorney, with expertise in Special [...]