Estate & Gift Taxation
Legal Alert – Critical Changes in California LLC Agreement Laws
California has dramatically changed the LLC law. Effectively, many of the "form" provisions which were customarily used in ...
Substantiating (Substantial) Contributions – Oh, What a Relief It Is!
To view this presentation on substantiating contributions offline, click here to download a PowerPoint copy. Substantiating (Substantial) Contributions ...
Don’t Leave Home Without It – Estate and Gift Tax Conference
Estate and Gift Tax Returns: Gift Tax. The “adequate disclosure” Regs (Regs. §301.6501(c)-1(f)) require the following to toll ...
Owning Your Home – Options for Title and Succession Issues
To view this presentation on issues related to holding title on properties and succession concerns, click here to ...
Estate Planning With Family Limited Partnerships
Introduction For many apartment owners, the use of a family limited partnership can be an effective estate planning ...
U.S. Estate and Gift Tax Concerns for Foreign Assets
Most tax practitioners understand that the United States will tax a resident’s worldwide income and will impose estate ...
Taking Title to Trust Assets
Both accountants and lawyers are frequently asked how to title property which is in a trust. A trust ...
What to Do Before the $5 Million Gift Tax Exemption Amount is Reduced
On August 2, 2011, the Budget Control Act of 2011 (the “Act”) created the Joint Select Committee on ...
Family Limited Partnerships as Estate Planning Tools: Pitfall Checklist
This issue of the WKBK&Y newsletter addresses Family Limited Partnerships as Estate Planning Tools. For a while, practitioners ...
QPRTs for Dummies (and Other IDITS?)
IRREVOCABLE TRUSTS Functions. An irrevocable trust can shift property value and income to: Build an educational fund for ...
Wealth Replacement Estate Planning CRATS, CRUTS, etc.
1.Lifetime Charitable Remainder Trusts Charitable giving is usually accomplished through the use of the charitable remainder trust. The ...
Asset Protection Planning – A Primer
This article explains what asset protection planning is--structuring financial affairs to minimize the burden of future unforeseen liabilities--and ...
Don’t Rock the Section 2053 Boat – You’ll Tip the 706 Over
Recent Cases Dealing with Administrative Expenses Turner v. U.S., 306 F.Supp.2d 668 (January 30, 2004), Deductions for Interest ...
Qualified Personal Residence Trust
Although estate tax only occurs upon one's death, it has in prior years reached almost sixty percent (60%). ...
Current Developments in Estate Planning – 2010 Tax Act
2010 Estate Tax Election Although EGTRRA provided for no federal estate tax for decedents dying in 2010, Congress' ...
Estate Planning – Does It Still Make Sense?
Congress voted last December to increase the unified gift, estate and generation skipping transfer tax exemption to $5 ...
Exit Strategies in Estate Planning & Pertinent Tax Issues
Sale of Stock or Assets. Stock. A stock sale is simpler than an asset sale, and will result ...
Estate Planning on the 2010 Crazy Train
Power of Appointment Causes - Inclusion in Decedent's Estate Technical Advice Memorandum 200907025 (TAM 200907025) Decedent was the ...
Single Member LLCs and Estate and Gift Tax Treatment
This proposed topic is submitted on behalf of the Estate and Gift Tax Committee of the Taxation Section ...
Special Needs Trusts
The main purpose for creating a special needs trust (SNT) is to preserve public benefits for disabled and/or ...
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