The Washington Estate Planning Blog

Law Offices of David Ravi Sitlani: Helping couples, families, and individuals understand the ins and outs of estate planning in Washington State.

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Archive for November, 2009

Another Interesting Article on the Federal Estate Tax

Posted by sitlanilaw on November 16, 2009

While Congress has yet to decide what changes to make, if any, to the Federal Estate Tax commentators from around the country have made their opinions known.  This article discussed some proposals in Congress from both parties and also has a brief discussion on various State Estate taxes:

http://www.palmbeachdailynews.com/biz/content/business/2009/11/14/biz1115_Liberman.html

 

While we still do not know what Congress is going to do with the Estate Tax there seems to be some inkling that they will do something before the end of the year.  If they fail to act then there will be no Federal estate tax in 2010!

If/when Congress does act I will make sure to post something here.

 

The above information is not intended to provide the reader with any legal advice.  Please contact an attorney licensed to practice in your state with any legal questions. Using this blog does not create an attorney client relationship between you and The Law Offices of David Ravi Sitlani.

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Insight into Estate Planning – The No Contest Clause

Posted by sitlanilaw on November 9, 2009

When I meet with clients to develop an Estate Plan that meets their distinct needs we discuss many issues that are particular to their goals and concerns.  One issue that could arise is what to do if a client wants to include a provisions that disallows a challenge to a Will or Trust.  These are referred to as “in terrorem” clauses, or No Contest Clauses.

The New York Times article below offers an interesting description of these clauses and how they have been used by prominent individuals such as Michael Jackson and Brooke Astor:

http://www.nytimes.com/2009/10/29/your-money/estate-planning/29ESTATE.html?_r=1

The above information is not intended to provide the reader with any legal advice.  Please contact an attorney licensed to practice in your state with any legal questions. Using this blog does not create an attorney client relationship between you and The Law Offices of David Ravi Sitlani.

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