by Christine | Feb 20, 2012 | Estate Planning, Estate Tax, Generation Skipping Transfer Tax, Grantor Retained Trust |
Obama's budget proposal was recently released, and here are some of the proposed changes that involve estate planning. As you are likely to have heard, President Obama unveiled his budget proposal not too long ago and it packs a wallop. We are living an era of...
by Christine | Feb 9, 2012 | Estate Planning, Estate Tax |
The fate of the federal estate tax likely lies in the results of the next election. Here are the most probable scenarios. If you’ve been following the political saga of the estate tax over the past few years then you know it’s coming to a head… again. In fact, the...
by Christine | Jan 24, 2012 | Estate Planning, Estate Tax |
Tax changes that President Barack Obama and Congress hammered out in the final days of 2010 discouraged clients from seeking estate-planning advice last year, even though estate lawyers argue there are many planning opportunities that shouldn't be missed. Don’t be...
by Christine | Jan 16, 2012 | Estate Tax, Gift Tax |
Schedule D is so Last Year! You were used to reporting capital gains and losses on Schedule D. Now, in most cases, use new Form 8949 to report capital gain and loss transactions. A new tax season and a new tax reporting rule for capital gains. It’s not a big change...
by Christine | Jan 11, 2012 | Elder Law, Estate Planning, Estate Tax |
“Most of the states are still in pretty poor shape, and if the economy doesn’t improve you might see more action by state legislatures seeking other sources of revenue,” says James Walschlager, an analyst with tax publisher CCH, a Wolters Kluwer business. Not all...
by Christine | Jan 4, 2012 | Estate Planning, Estate Tax, Tax Planning |
A woman who dated her beau for 44 years and was on the verge of finally marrying him lost a case recently in New Jersey tax court that cost her beau’s estate $214,000 in state taxes. That’s money that would have otherwise gone to her and the man’s niece and nephew....
