by Christine | Dec 25, 2012 | Estate Tax, Gift, Gift Tax |
Discussions of the looming fiscal cliff have paid scant attention to estate and gift taxes. But wealthy people might do well to consider being very generous this month and giving very large gifts at today’s bargain tax prices. While the estate and gift tax has been in...
by Christine | Nov 22, 2012 | Estate Planning, Estate Tax, Gift Tax, Portability |
Yes, portability is one of many tax-law provisions scheduled to expire at the end of 2012. But Congress appears likely to extend it beyond this year. Although many estate-tax issues are highly controversial, this one enjoys bipartisan support. You never really hear...
by Christine | Oct 10, 2012 | Estate Planning, Estate Tax |
Should the current estate tax law expire at year-end without Congressional action, nearly 15 million U.S. households will have a potential estate tax liability, according to new research. Will the Bush-era tax laws expire after December 31, 2012? To expire or not to...
by Christine | Sep 4, 2012 | 2013, Estate Law, Estate Tax, Gift Tax, Trusts |
“You Must Act Now!” “The Now Moment Has Arrived.” Late-night infomercial pitchmen? Nope. Wealth planners breathlessly warning prospective clients that they have only until Dec. 31 to seize a “historic” opportunity to transfer millions to kids and grandkids, tax free....
by Christine | Aug 30, 2012 | Estate Planning, Estate Tax, Portability |
The Internal Revenue Service in June issued guidance for an estate-tax law Congress passed late in 2010. The IRS recently issued new guidance on an important estate tax issue for married couples regarding the portability of individual estate tax exemption between...
by Christine | Aug 17, 2012 | 2012, Estate Tax, State Estate Tax |
There has been a marked uptick in state-level activity on the estate tax front. With numerous legislative proposals swirling, which ones survived? When it comes to the federal level and the estate tax, we’re all simply waiting for some word from Congress and the White...
