Main Menu
  • Posts by Michael Kohlhaas
    Partner

    Mike is a partner in Bingham Greenebaum Doll LLP’s Estate Planning Department. The Estate Planning Department seamlessly coordinates and executes a wide array of legal services that cater to the unique needs of high ...

Posted in Estate Planning

A recent decision by the Indiana Court of Appeals makes postnuptial agreements a more attractive option for married couples who, while considering filing for divorce, decide instead to reconcile.

Premarital agreements, entered into prior to marriage, have long been recognized in Indiana, by statute, as a means by which couples can determine a division of their property, and other ...

Posted in Estate Planning

On Monday, Oct. 6, 2014, the U.S. Supreme Court denied review of all five pending same-sex marriage cases, in effect allowing marriages to proceed in Indiana, Oklahoma, Utah, Virginia and Wisconsin. This decision signals that the justices will likely not soon intercede in the decisions being made across the country upholding gay marriage. It is unlikely that they will act until the ...

Posted in Government

On Wednesday, United States District Judge Richard Young struck down Indiana’s ban on same-sex marriage. Later in the day, Indiana Attorney General Greg Zoeller filed a notice of appeal and a request for an emergency stay of the order. It is unclear if or when that stay might be granted.

An increasing number of people are electing to get divorced without hiring an attorney. Broadly speaking, divorces without an attorney, which occur most frequently when spouses separate and believe they can agree on the terms of settlement, can be sorted into two categories: (1) divorces in which neither party has an attorney; and (2) divorces in which one spouse has an attorney, but the other spouse does not. Each of these situations presents the unrepresented party or parties with numerous potential unforeseen problems.

Perhaps no life event imposes a more significant – and urgent – need to update an estate plan than a divorce. A divorce generally causes a radical change in both personal finances and planning objectives; in nearly all cases, both the husband and wife involved in the divorce no longer want the ex-spouse to be a beneficiary of his or her estate plan. If children are involved, the need to protect and provide for them following a divorce is of paramount importance.

Posted in General

In separate opinions issued this morning, the U.S. Supreme Court ruled on two long-awaited same-sex marriage cases. The two holdings can be synthesized in their significance as follows: the Supreme Court declined an opportunity to broadly hold that same-sex couples have a fundamental, constitutional right to marry; instead, the Court ruled that states are free to determine this ...

Posted in Estate Planning
Posted in Estate Planning

One of the most basic and important estate tax planning tools is making the most of “exclusions.” While many individuals are already aware and take advantage of the tax planning benefits of the “annual exclusion,” less are aware of another valuable exclusion: a qualified gift of medical expenses.

Posted in Estate Planning

One of the most basic and important estate tax planning tools is making the most of “exclusions.” While many individuals are already aware and take advantage of the tax planning benefits of the “annual exclusion,” less are aware of another valuable exclusion: a qualified gift of tuition.

What are exclusions?

Exclusions are gifts that are not taxable, nor charged against the ...

Can your family benefit from annual gifts, gifts of tuition or gifts of medical expenses? Under the American Taxpayer Relief Act that was passed into law on Jan. 2, 2013, the federal gift and estate tax exemption was set at $5.25 million for 2013, indexed to increase with inflation thereafter. In simplified terms, this means that an individual can make gifts during life, added together with bequests made at death, up to the exemption amount without triggering any federal gift or estate taxes. However, all lifetime gifts plus bequests-at-death that exceed the exemption amount will be taxed at 40 percent

RSS RSS Feed

Subscribe

Recent Posts

Categories

Contributors

Archives

Back to Page