Ivins, Phillips & Barker Chartered – Newsletter – June 19

H. Carter HoodPartner, Ivins, Phillips & Barker

Follow links to the IPB Tax, Trusts & Estates Newsletter

In This Issue:

  • Tips to Avoid Probate – Creating jointly titled property and proper beneficiary designations, transferring property to an LP, LLC, or revocable trust, and planning for non-domiciliary assets may avoid the expense, hassle and intrusions of probate.
  • Planning When Death Seems Imminent – Empowering trustees and agents to make family gifts and charitable donations when a client becomes disabled, notifying account advisors of deathbed intentions, and understanding required timeframes for action may allow estate planning literally up to someone’s last days.
  • Not All Probate is Created Equal – State law options such as Statement in Lieu, Modified Administration, and Small Estate Administration offer alternatives to traditional estate administration.
  • Simplifying Estate Valuation – Careful attention to appraisal requirements helps to avoid audits and penalties, and appropriate use of alternate valuation may save federal estate taxes.
  • IPB in the News