Wealthy and Wise

If you want to protect your assets from creditors, predators, and estate taxes (and possibly an ex-spouse!), Wealthy and Wise with Gideon Rothschild is the blog to read. Attorney Gideon Rothschild is an estate planner with more than 30 years of experience advising clients—now you can follow his posts as he takes you through many of the effective strategies that can protect your hard-earned wealth for generations to come. And with the new tax law upon us, read Wealthy and Wise with Gideon Rothschild for “legal loopholes” to maximize your estate now and in the future.

How Your Trust Can Avoid Taxes by Changing States
Wealthy and Wise

How Your Trust Can Avoid Taxes by Changing States

Gideon Rothschild, Esq. | October 28, 2019

You can completely avoid state income tax on a trust’s income based on guidelines from a recent US Supreme Court ruling. Here’s how.

Estate Planning That Benefits from Low Interest Rates
Wealthy and Wise

Estate Planning That Benefits from Low Interest Rates

Gideon Rothschild, Esq. | September 30, 2019

A time of low interest rates can be great for shifting assets to a younger generation.

How to Protect Your Assets Against Creditors
Wealthy and Wise

How to Protect Your Assets Against Creditors

Gideon Rothschild, Esq. | September 2, 2019

Be careful how you design a trust to bullet-proof your assets against creditors.

How to Head Off Costly Battles Over Wills and Trusts
Wealthy and Wise

How to Head Off Costly Battles Over Wills and Trusts

Gideon Rothschild, Esq. | August 5, 2019

By taking these actions before you die, it’s often possible to avoid conflicts over wills and trusts after you die.

Estate Planning for Families with Stepchildren
Wealthy and Wise

Estate Planning for Families with Stepchildren

Gideon Rothschild, Esq. | June 17, 2019

The presence of stepchildren can lead to possible conflicts of interest in estate planning. Here’s how to handle the possible problems.

Is Your Retirement Account Safe from Creditors?
Wealthy and Wise

Is Your Retirement Account Safe from Creditors?

Gideon Rothschild, Esq. | May 13, 2019

Whether your IRAs are protected from creditors depends on the answers to several questions.

Why You Should Review Your Estate Plan Now
Wealthy and Wise

Why You Should Review Your Estate Plan Now

Gideon Rothschild, Esq. | April 15, 2019

Given the frequent changes in tax laws, now may be the right time to conduct a thorough review of your estate plan. Here’s how.

The Right Way to Leave a Bequest for the Care of Your Pet
Wealthy and Wise

The Right Way to Leave a Bequest for the Care of Your Pet

Gideon Rothschild, Esq. | March 18, 2019

Here’s what you should and shouldn’t do to provide money for the care of your pet after you die.

Be Cautious When Naming Beneficiaries for Your IRA
Wealthy and Wise

Be Cautious When Naming Beneficiaries for Your IRA

Gideon Rothschild, Esq. | February 18, 2019

As many readers are aware, IRAs can offer many benefits including the ability to defer taxes on the money placed…

Avoid Family Feuds Over Who Inherits Your Collectibles
Wealthy and Wise

Avoid Family Feuds Over Who Inherits Your Collectibles

Gideon Rothschild, Esq. | January 21, 2019

When collectibles are divided up among heirs, a family can be torn apart over who gets what. An estate planner tells how to avoid this terrible outcome.

Here’s Who You Should Appoint as Your Executor or Trustee—and Who to Definitely Not Appoint
Wealthy and Wise

Here’s Who You Should Appoint as Your Executor or Trustee—and Who to Definitely Not Appoint

Gideon Rothschild, Esq. | December 24, 2018

Defaulting to the easiest or most obvious choice for your executor or trustee can have bad consequences—for your estate and your family.

Year-End Estate Planning Moves to Make Before December 31
Wealthy and Wise

Year-End Estate Planning Moves to Make Before December 31

Gideon Rothschild, Esq. | December 3, 2018

Now’s the time to review your existing estate plan to see whether changes in the law or in your situation mean you should take action.

How To Erase Potentially Giant Capital Gains Taxes
Wealthy and Wise

How To Erase Potentially Giant Capital Gains Taxes

Gideon Rothschild, Esq. | November 5, 2018

There’s a legal technique for giving away, and then receiving back, appreciated assets that wipes out your capital gain exposure. But know the danger, too.

Don’t Forget About Your Digital Assets in Your Estate Plan
Wealthy and Wise

Don’t Forget About Your Digital Assets in Your Estate Plan

Gideon Rothschild, Esq. | October 1, 2018

Many estates are being held up because decedents never gave information and authorization to access their digital accounts. It’s an expensive mistake.

Don’t Die Without a Will
Wealthy and Wise

Don’t Die Without a Will

Gideon Rothschild, Esq. | September 3, 2018

Some famous people—including Prince, Heath Ledger and now Aretha Franklin—died without a will. Even if you don’t have big assets, you still need one.