by hoodlawkc | Will, Estate Planning
Just as over-reliance on incompetent attorneys can have a negative impact on estate taxes for failure to file, misguided reliance in the drafting or execution of a will expressing intent of the testator may have unintended consequences as well. Wills have long been...
by hoodlawkc | Estate Planning, Tax Planning
Earlier this year, a federal court rendered an opinion in Janice C. Specht et al. v. U.S., No. 1:13-cv00705 (U.S. District Court, S.D. Ohio, Western Division, 2015), that should be a strong warning to those persons tasked with being executors of estates, and in...
by hoodlawkc | Estate Planning
Owners of retirement accounts need to be cognizant of the impact of a divorce or annulment from a spouse who is a named beneficiary. In the absence of a change of beneficiary designation removing the former spouse as a named beneficiary, depending upon the type of...
by hoodlawkc | Tax Planning
A frequently asked question in our law office is whether a client can deduct certain legal expenses. The answer is more complicated than you might think. In most cases, the answer boils down to whether the expenses can be considered personal, or emanate from a trade...
by hoodlawkc | Business Planning, Business Law
Earlier this year, the Supreme Court of the United States rendered an Opinion in Daimler AG v. Bauman, ____ U.S. ____, 134 S.Ct. 746 (2014), that came as something of a surprise for those familiar with the facts and procedure of the case and that may constitute a sea...
by hoodlawkc | Estate Planning
Inheriting an IRA can be a great financial silver lining to the otherwise very sad passing of a relative, but you should be aware that a recent unanimous Supreme Court decision puts inherited IRAs very much in jeopardy in bankruptcy proceedings. ERISA plans are...
