Nov 25 How to Avoid the Top 10 Estate Planning Errors
Myths and misconceptions about estate planning abound. This post shares the most common mistakes to avoid and help your family save thousands of dollars in unnecessary taxes and probate fees....
Oct 08 Estate Planning for Those Under 40
The earlier you start planning your estate, the more choices you'll have. If you start now, your plan will help keep your loved ones from becoming stressed if you suddenly become disabled or pass away. This post discusses some important factors to consider to help you begin...
Dec 03 Estate and Gift Tax Update: No Clawback After Increased Transfer Limit Expires
On November 25, 2018, the IRS issued proposed regulations, which indicate that gifts made before January 1, 2026, will not be clawed back to the estates of decedents dying after December 31, 2025. The issuance of these proposed regulations strengthens a tremendous opportunity for the...
Nov 20 Estate Tax Implications for Foreign Investors in US Real Estate
While US citizens and residents are subject to worldwide estate and gift taxation on their gratuitous transfers, non-residents are only subject to the US estate tax on property that is situated, or deemed situated, in the United States. This post discusses some of the tax...
Aug 15 Treasury Proposes New Tax Regulations to Limit Discounts in Intra-Family Wealth Transfers
Recently, the Treasury issued proposed regulations which, if adopted, would severely limit taxpayers’ ability to receive tax benefits for wealth transfers to family limited partnerships. This post discusses why you should act now if you have a federally taxable estate and are considering wealth transfers....
Aug 05 Prince Died Without a Will – Why Estate Taxes Get Complicated
Shortly after Prince’s death, rumors surfaced that he died without a will. In fact, every now and then we hear of a famous celebrity with a significant estate, who died without a will. So what does that exactly mean for the family of the dearly...
Aug 01 Family Limited Partnership May Result in Significant Estate Tax Reduction
Although not as popular as they once were, family limited partnerships remain an effective tool in reducing federal estate and gift taxes. In the Estate of Natale B. Giustina v. Commissioner, T.C. Memo. 2016-114, assets having a fair market value of $150,680,000 were valued...
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