Articles

The Win-Win Trust
April 16, 2021
Riley Carbone Kern

The Win-Win Trust

Use a Charitable Remainder Trust (a Win-Win Trust) to give generously and reduce your taxes.

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Step Up Steps Back
April 15, 2021

Step Up Steps Back

The STEP Act proposes significant changes in inheritance rules, possibly eliminating the step-up in basis and imposing capital gains taxes at the time of inheritance.

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Ctrl + Z: How to Modify an Irrevocable Trust
September 23, 2020
Riley Carbone Kern and Laurel Carbone Kern

Ctrl + Z: How to Modify an Irrevocable Trust

You've got an irrevocable trust, but circumstances have changed. Maybe family dynamics are radically different from when you created the trust. Maybe you want to change trustees. Maybe the law has changed in ways that mean you no longer need an irrevocable trust, or the trust as drafted won't accomplish your original purpose.

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Who's the New Guy?
September 21, 2020
Riley Carbone Kern

Who's the New Guy?

Most of the couples we work with share a concern that is often overlooked in estate planning. What happens when one spouse dies before the other? How can we be sure that the deceased spouse's assets remain available only for the surviving spouse and children?

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Do You Pass the Goat Test?
September 16, 2020
Riley Carbone Kern

Do You Pass the Goat Test?

One of the most overlooked provisions in living trusts and financial and medical powers of attorney is how to determine your incapacity. This is a crucial issue in anyone's estate plan, but it's usually ignored or treated like an afterthought.

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What is a GRAT and Who Needs One?
May 15, 2020
Riley Carbone Kern

What is a GRAT and Who Needs One?

What is a Grantor Retained Annuity Trust? Who needs one? Why now?

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Medicaid Without Poverty
May 3, 2020
Riley Carbone Kern

Medicaid Without Poverty

A common goal in estate planning, especially for people who are retired or who have a chronic illness, is the protection of assets in case they need long-term care. It's common knowledge that qualification for Medicaid benefits usually requires the recipient to be impoverished. It is less common knowledge, however, that you can protect many of your assets and still qualify for Medicaid if you plan ahead.

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Estate Planning: A Checklist
May 13, 2020
Riley Carbone Kern

Estate Planning: A Checklist

If you have never created an estate plan, you are probably wondering: Where do I start? If it's been a while since you've looked at your plan, you're probably wondering: How do I know if it's time to make any changes? This post is for you.

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Retirement Trusts after the SECURE Act
May 11, 2020
Riley Carbone Kern

Retirement Trusts after the SECURE Act

Tallgrass Estate Planning Attorney Riley Kern gave a continuing education presentation to the Oklahoma Bar Association's Estate Planning, Probate, and Trust Section on May 7. While the presentation was no intended for an audience of non-lawyers, we recognize that there are other attorneys who visit our site and might benefit from this information, and there are many non-lawyers who want to learn more than just the basics about the law.

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Gift, Loan, or Advance: What's the Difference?
May 9, 2020
Riley Carbone Kern

Gift, Loan, or Advance: What's the Difference?

You've created an estate plan through a will or a trust, but you may still intend to make distributions to your loved ones during your lifetime. You may not have considered it, but these lifetime distributions can create some problems later on. To save time, money, and prevent suspicion, it is important that you clarify now whether these distributions are gifts, loans, or advancements.

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Revocable Trusts

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Irrevocable Trusts and Asset Protection

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Special Needs Planning

Probate & Estate
Administration

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Last Will & Testament

Medicaid Asset Protection Planning

Guardianship for
Incapacitated Adults

Trust Administration

Business Succession

Veterans Aid &
Attendance Planning

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Irrevocable Trusts and Asset Protection - decorative logo

Irrevocable Trusts and Assets

Trust Administration

Business Succession

Medicaid Asset Protection Planning

Revocable Trusts

Probate & Estate Administration

special needs planning - decorative logo

Special Needs Planning

last will and testament hero icon

Last Will & Testament

Guardianship for Incapacitated Adults

Veterans Aid &
Attendance Planning