Category Archives: Estate Planning

Is Your Estate Plan Unconstitutional?

By John O’Grady Michael Bensal, through his investment LLC, obtained a bank loan guaranteed by the U.S. Small Business Administration to open a fast food business. Bensal personally guaranteed repayment….

Humboldt County Pays for Bogus Challenge to Advance Health Care Directive

By John O’Grady, O’Grady Law Group Dick Magney knew that drawing up an advance health care directive was the best way to protect his desire for a natural death with…

Estate Planning Corner: Designate Retirement Account Beneficiaries to Protect Your Legacy

By John O’Grady, O’Grady Law Group No one wants to pay more taxes than they owe, but your estate can wind up shelling out extra if you don’t clearly designate…

Administering Special Needs Trusts

By James O’Brien Law Office of James O’Brien Many families seek to protect the resources of a loved one with special needs through the creation of a Special Needs Trust…

How to Protect Your Beneficiaries from Their Creditors

By John O’Grady, O’Grady Law Group When creating trusts, estate planning lawyers use tricks of the trade such as “spendthrift” and “shutdown” clauses to protect trust money from claims of…

An Estate and Trust Attorney’s Prediction: Estate Tax Will be Repealed in 2017

By John O’Grady, O’Grady Law Group The federal estate tax is a tax on the date of death value of a person’s assets in excess of about $5.5 million. It…

Estate Planning Corner: Last Chance for Valuation Discount Planning and More

By John O’Grady, O’Grady Law Group …………….. Valuation Discount Planning The U.S. Treasury Department has proposed regulations that will make it more difficult for families to engage in valuation discount…

Estate Planning Issues in the News

Privacy Lessons of ‘To Kill a Mockingbird’ Author Harper Lee As the daughter of a country lawyer in Alabama, Harper Lee was able to bring fictional defense attorney Atticus Finch…

Estate Planning Corner: Prince Has Left the Building, But Did He Leave a Will?

John O’Grady, O’Grady Law Group When inimitable superstar Prince died in April at the age of 57, he left behind millions of grieving fans and a majestic artistic legacy. But…

Trust Document Can Provide for Attorney Fees in Battle

John O’Grady, O’Grady Law “No-contest” clauses are designed to discourage beneficiaries from contesting wills and trusts by specifying that those who do so forfeit what they would have received under…