June 04, 2019
NP Trusts & Estates Blog
Author(s): Alexandra P. Crean, Sarah M. Roscioli, Mary-Benham B. Nygren, Elena N. O’Leary, CPA, Masha Rabkin, CPA, Kaitlyn B. Barnett
What estate planning attorneys “need to know” about family dynamics, charitable giving options, May economic highlights and more. Here’s what’s trending in estate planning and wealth management.
When Tom Petty died at the age of 66 from an accidental overdose, he had been considered a success story in the realm of celebrity estate planning as he had a full plan in place at his death. Recent litigation, however, is calling into question how successful his planning was when it comes to family dynamics.—Alexandra P. Crean
There are numerous ways you can choose to benefit a charity. As you determine what charity you would like to benefit, here are a few options on how to achieve your charitable giving goals.—Sarah Roscioli, Mary-Benham B. Nygren, Christine A. Sackett, Elena N. O'Leary, Masha Rabkin, John L. Garrett
The rationale behind establishing an IRA may be quite simple; however, the rules for inheriting and distributing the IRA benefits upon the owner’s death are anything but. Therefore, understanding the rules governing IRA inheritances, for an IRA owner as well as the named beneficiary, is critical to avoid any unintended consequences, including paying higher taxes or forfeiting asset growth.—Kaitlyn B. Barnett
Economic and market highlights from the NP Investment Team for May 2019.—NP Investment Team
The foregoing has been prepared for the general information of clients and friends of the firm. It is not meant to provide legal advice with respect to any specific matter and should not be acted upon without professional counsel. If you have any questions or require any further information regarding these or other related matters, please contact your regular Nixon Peabody LLP representative. This material may be considered advertising under certain rules of professional conduct.
