Kim Kamin is a Principal at Gresham Partners, LLC, where she serves as Chief Wealth Strategist. In such capacity, Kim leads the firm's estate, wealth transfer, philanthropic, fiduciary planning and NextGen education activities, and works with individual clients. Her prior legal practice for many years involved all aspects of trust and estate planning, administration, and related dispute resolution. She advised families and closely held businesses on a wide array of wealth preservation, taxation and succession planning issues. She also served as counsel for guardianship and decedents’ estate administration, as well as for contested trust and estate matters. In addition, she provided counsel for the formation and operation of not-for-profit entities, both private foundations and public charities.
Every estate includes tangible personal property: cash, clothes, jewelry, furnishings, vehicles, pets, artwork, gold, alcohol, boats, electronics, cars, wine, guns, etc. Challenges you may face are as varied as the assets involved.
One of the most versatile tools estate planners have at their disposal is the power of appointment. Despite its wide use, the benefits and limitations of the power of appointment are not widely understood. This Article discusses those…
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