Parents

July 17, 2011   Estate Planning

How Do Parents Keep Control

By Bruce Givner, J.D. and Owen Kaye, J.D.
Parents want to be in dictatorial control. However, trusts must be irrevocable for estate tax and asset protection planning purposes. Many people get turned off when the word “irrevocable” is raised. We must be able to assure them that they can “have their cake and eat it too.”   Magic Formula. The goal of planning is to “own noth­ing and control everything.” The magic formula is “con­trol.” “Own” looks and sounds like an English word, but it is not. It is a legally defined concept. By contrast, “con­trol” is what it seems to be. To paraphrase U.S. Supreme Court Justice Potter Stewart, (who was describing hard core pornography), you know it (control) when you see it.   Children’s Trust. So h...
January 3, 2011   Inheritance

Becoming the Parents We Want to Be

By Martha Hartney, J.D.
Estate Planning is an Initiation in Parenting You are the bows from which your children as living ar­rows are sent forth. The Archer sees the mark upon the path of the infinite, and He bends you with His might that His arrows may go swift and far. Let your bending in the archer’s hand be for gladness; For even as He loves the arrow that flies, so He loves also the bow that is stable.  ~Kahlil Gibran   Parenting is a Spiritual Discipline What being a mother of two sons brings to my legal work is certainty that parenting is a spiritual journey, as much as it is a care giving role, and a never-ending set of tasks. Parenting consciously is a discipline requiring study, diligence, surrender, humility, gentility, and most definitely, grace under pressure. Parenting r...
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