September 2014 – Estate Planning Newsletter

September 19th, 2014   •   Comments Off on September 2014 – Estate Planning Newsletter   

  INHERITED IRA’S ARE SUBJECT TO CREDITORS’ CLAIMS   The United States Supreme Court has ruled in Clark v. Rameker that inherited IRA’s do not qualify for an exemption from the bankruptcy estate for debtors in bankruptcy.  Therefore, inherited IRA’s are not protected from creditors in a bankruptcy proceeding.   The facts in the Clark… Read More

August 2014 – Estate Planning Newsletter

September 19th, 2014   •   Comments Off on August 2014 – Estate Planning Newsletter   

DIVORCE LAW CAN IMPACT ESTATE PLANNING AND PROBATE LAW   In the case of the Estate of Danny Keith Ellis, the Court dealt with the effect of a Marital Dissolution Agreement on jointly titled bank accounts between divorced spouses.  The facts were that Mr. Ellis (the “Husband”) and his Wife divorced and entered into a… Read More

July 2014 Estate Planning Newsletter

September 19th, 2014   •   Comments Off on July 2014 Estate Planning Newsletter   

  ADMINISTRATOR FOR ESTATE HELD LIABLE FOR DECEDENT’S UNPAID INCOME TAXES   In a recent United States District Court Opinion from Maryland, US v. Shriner, the Court held that the Administrator of an Estate was personally liable for the unpaid income taxes of the decedent.  Although the Administrator claimed that he did not have actual… Read More

Banking Law Alert Newsletter – August 2014

September 2nd, 2014   •   Comments Off on Banking Law Alert Newsletter – August 2014   

  For a PDF Version of this document click the link:   BANKING LAW NEWSLETTER August 2014   IS YOUR COLLATERAL INSURED?   In the case of PacTech vs. Auto Owners Insurance Co., the insured (“PacTech”) and the insured’s lienholder (Mr. Black, who had made loans to PacTech secured by machinery and equipment) filed suit to… Read More

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