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 29, 2015 | Inheritance, Wills |
A promise to give an inheritance that is not fulfilled in a will can be challenged, if the promise can be proven and if the court agrees. The nature of the promise made to one woman in Australia is a sad reflection of a troubled family, but it does illustrate how...
by Christine | Oct 28, 2015 | Estate Planning, Interfamily Loans |
By pairing intrafamily loans with trusts, wealthy families are turbocharging their estate planning strategies. One business owner hit all the right notes when he sold a $30 million family limited partnership to a trust. Tax rules currently permit illiquid shares in a...
by Christine | Oct 27, 2015 | Blended Families, Estate Tax Returns |
Just as second and subsequent marriages are more complex, estate planning for second and subsequent marriages is also far more complex than first marriages. How do you protect your spouse and your children at the same time? Can you provide for everyone comfortably?...
by Christine | Oct 26, 2015 | Charitable Foundation, Estate Planning |
It makes sense to have family members at the helm of charitable family foundations. After all, who knows better what the family members intended? The IRS doesn’t see it that way. To avoid IRS scrutiny, here are some common pitfalls to keep in mind. Ensuring that the...
