by Christine | Jul 1, 2014 | Art, Charitable Giving, Estate Planning |
The tax law makes clear that the taxpayer has the burden of substantiating the value of the property. To this end, a taxpayer must not only comply with the procedural requirements for valuation, but must also persuade the trier of fact that his claimed...
by Christine | Jun 27, 2014 | Estate Planning, Inheritance |
To make that wealth last forever, you're probably going to need future generations to replenish that wealth. If you have wealth to pass on to the next generation, have you hoped that your wealth will continue on for generations to come? It's a tough goal to...
by Christine | Jun 26, 2014 | Estate Law, Estate Planning, GIfting |
Here are a few easy approaches that can reduce or avoid taxes, and are also effective wealth transfer techniques. Gifting makes up one of the pillars of estate planning. Strategic gifting can mean all the difference between a plan for family wealth that works and a...
by Christine | Jun 25, 2014 | Estate Planning |
It may take some expert help to work out how to pass the pieces to your heirs. Parents' collectibles can hold emotional meaning for adult children, and some collections carry financial value as well. Estate planning is all about deciding...
by Christine | Jun 23, 2014 | Estate Planning, Trusts, Wills |
The vast majority of estate planning lawyers get requests for trusts that "motivate responsible behavior by the next generation," said Los Angeles lawyer Jon Gallo, who presented an overview of the topic at the annual Heckerling Institute on Estate Planning....
by Christine | Jun 19, 2014 | Asset Protection, Estate Planning, Trusts |
A domestic asset protection trust (often called DAPTs, or just APTs) allows the settlor (the trust creator or grantor) to be a discretionary beneficiary of the trust, while at the same time assuring protection of trust assets from claims of the creditors....
