Category Archives: Estate Planning

Family Finances: Starting the Conversation About Generational Wealth Planning

In the U.S. today, many families are beginning the process of transferring wealth to the next generation. For parents, this can feel daunting, uncertain, and intimidating; it can be a long and challenging transition. Some families want to start earlier, while others prefer to wait: there’s no right way or time to begin the process. Fortunately, in either case, there are steps you can take to facilitate a smooth transfer of wealth. If you are unsure of how to open the dialogue, read on for some helpful ideas. Read more »

Extended Portability of Estate Tax Exemptions

There is nothing more terrifying to a young attorney than making a clerical error that ends up wasting a lot of the senior partners’ billable time. This is a difficult risk to manage, as every case has its own set of issues and deadlines, many of which the firm may be liable for if not handled properly. The one that got me as a young associate attorney was a missed estate tax deadline. Thankfully for me, so many attorneys across the country made the same error (and continue to do so), that the IRS has provided a “do-over” for all estates of individuals who have passed away since 2011. With the new IRS rules now in place, this error never would have happened. Read more »

Arnerich Massena’s Charitable Planning and Impact Investing Featured in Oregon Business Magazine

“Portland investment advisory firm Arnerich Massena helps high net worth clients grow their assets. Then, when it’s time, Arnerich Massena helps them share the wealth.” The Oregon Business Magazine article, featured in the June issue, illustrates two pathways for making an impact: philanthropic giving and impact investing, and explains how Arnerich Massena facilitates both. Read more »

Lessons on Trustee Selection, Live from the Staples Center!

Sports fans have recently seen the impact trust laws have firsthand, as the control of one of the NBA’s marquis franchises, the Los Angeles Lakers, has been determined by the trust which owns a majority share in the team. Most of the clients we work with own assets far less unique than an NBA franchise; however, the end result is the same no matter the asset – a properly drafted trust with appropriately designated trustees is one vehicle that may allow for the smooth transition of property from one generation to the next. Read more »

The Portland Business Journal’s Family Caregiver Summit Featured Industry-Leading Experts, including Arnerich Massena’s Glen Goland, JD, CFP®

“I’m a recovering attorney. Now, I do wealth planning for folks,” Glen Goland, JD, CFP®, is quoted in The Portland Business Journal’s Family Caregiver Summit special insert of its March 24, 2017 issue. Glen participated on a panel, “Navigating Care & Finance for the Aging Parent,” a discussion about how to protect your assets and manage investments as family members age. Read more »

IRS vs. the Estate of Michael Jackson

The estate of Michael Jackson has been in the news lately, as the attorneys representing the estate recently spent some time in tax court arguing with the IRS. Their disagreement is based on the value of the late singer’s name and likeness, specifically what the fair market value was (on the day he died) for the rights to commercialize Mr. Jackson’s image and name.  Read more »

Arnerich Massena’s Glen Goland Speaking at The Portland Business Journal’s Family Caregiver Summit

Glen Goland, JD, CFP®, senior wealth strategist, will bring his estate planning expertise to The Portland Business Journal’s upcoming Family Caregiver Summit. This event serves as a resource for caregivers taking care of aging parents. One of the most critical aspects of caregiving is navigating finances and creating a well-constructed estate plan. Glen will join Megan Hewitt from the Attorney General’s Office for the panel “Navigating Care & Finance for the Aging Parent,” a discussion about how to protect your estate and prepare your investments. Read more »

What’s in a Name? Titling Assets in Estate Planning

When an asset is transferred via sale or at death, one of the critical (and often misunderstood) questions is, “how is the asset titled?” There are three general ways individuals hold assets: in their own name, via contract, and by operation of law. Analyzing the manner in which assets are held, and the implications of these ownership types, is a cornerstone of financial and estate planning for the transfer of assets to the next generation. Read more »