Hot Topics for 2022 from The Blum Firm

Each year, The Blum Firm prepares an annual newsletter covering current topics in the estate planning, probate, and tax world. Our “Hot Topics for 2022” newsletter is now hitting mailboxes, and we’d like to share with you the headlines for the top ten we selected:

  • Is a Grantor Trust Right for You?
  • Win-Win-Lose: Trusts That Benefit Charity While Sticking it to the IRS
  • Wouldn’t You Like a $100 Million IRA Like Mitt Romney?
  • Do You Own Anything in Your Name Other Than Retirement Accounts?
  • I Want My Fair Share– Litigation in Time of Financial Uncertainty
  • Check Your Probate Knowledge
  • Family Legacy Planning
  • Could Forgotten Checklist Items Derail Your Estate Plan?
  • Estate & Gift Tax Numbers to Know in 2022
  • Guardianship Prevention Planning

About five years ago, we expanded our services at The Blum Firm beyond estate and tax planning. We have an outstanding team at the firm with substantial expertise in trust and estate litigation, as well as guardianship. As the above topics show, there are some hot developments in those areas. One ramification of the current tumultuous economy is that some family members are tapping every source for financial security during times of financial uncertainty. Those receiving less than they feel they should receive are increasingly turning to litigation, often over smaller amounts than would typically be litigated. It’s important to review your estate plan for potential disgruntled parties and consider taking extra steps to mitigate the risk of later litigation. At the same time, review the individuals you have named as executors, trustees, and powers of attorney to ensure that they are people you absolutely trust to act in accordance with your wishes.

In the guardianship area, we are working actively on “guardianship prevention” planning. This has become an especially hot topic with so many baby boomers reaching the age of potential cognitive decline.

Other highlights in our newsletter warn you to watch for assets that pass outside of a will to make sure they don’t derail your estate plan. We also alert you on how to avoid probate to maintain privacy for your estate and your heirs, especially critical in this age of open information. And there’s so much more.

If you’re not on our mailing list, please contact us with your mailing address so we can add you to our list. A digital version of our newsletter is available here.