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May 2018 Archives

Why don't some adult siblings get along?

One of your biggest concerns, as you do your estate planning, is fighting among your children. You know that sibling disputes over a will and inheritance can drag on for months and get very expensive, and you also know that they often push people apart emotionally. In some cases, siblings never resolve their differences and never speak again.

What is a spendthrift trust, and how can it benefit you?

In today’s above-cited blog headline, the referenced “you” refers to the individual who establishes a trust. The legal designations for that person are actually several and liberally substituted. Trust creators are sometimes called trustors, grantors or settlors, with even other terms occasionally being used. We’ll just go with creator in today’s post entry.

Words of advice as overseas tax disclosure program winds down

We commented on a major IRS announcement in a recent blog post, noting in our March 20 entry that the agency’s Offshore Voluntary Disclosure Program launched back in 2009 will officially terminate on September 28 of this year. We stressed that many Americans holding offshore assets might reasonably “be buoyed” by that news.

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