by Christine | Oct 30, 2015 | Estate Tax |
The IRS is typically delighted to accept immediate payment for monies owed, in any form of U.S. currency. But for those who owe the IRS vast sums of money (maybe because of poor estate planning?), a new policy is likely to make this already painful transaction more...
by Christine | Oct 16, 2015 | Estate Tax |
The estate tax, enacted 100 years ago on September 8, 1915, when revenue was needed to fight a war, is a polarizing tax with enemies and friends on both sides of a big divide. One would think that any tax or law that makes it to the hundred year mark must be a good...
by Christine | Oct 5, 2015 | Art, Estate Tax |
Owning a fractional interest in a piece of highly valued art has never been a simple matter where estate taxes are concerned. How the IRS values and applies the estate tax for estates that include fractional interests in art may be changing due to a recent Fifth...
by Christine | Sep 21, 2015 | Estate Tax |
Estate planning attorneys were told that several new reporting requirements would go into effect in August, but the IRS was not quite ready to actually implement their own new rules. These new requirements have now been officially postponed, giving estate planning...
by Christine | Aug 6, 2015 | Asset Protection, Elder Law, Estate Planning, Estate Tax, Living Trust, Trusts, Wills |
Of all the hated taxes in the U.S. tax code, the estate tax is handily the single most hated tax, particularly among wealthy families who must pay it. In an effort to preserve wealth across generations, these families rely on the use of complex strategies to transfer...
by Christine | Jun 11, 2015 | Asset Protection, Elder Law, Estate Planning, Estate Tax, Estates, Living Trust, Portability, Power of Attorney, Trusts, Wills |
So how do you know if your estate plan is out-of-date? If your will or trust predates these four key “freshness dates,” it may be time to visit your attorney for a review. Estate plans are not meant to be a one-time deal. If life changes – or the law changes –...
