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 | Nov 15, 2012 | Art, Estate Planning, Insurance |
. . . [she] estimated that the premium value of insured art globally was somewhere between $500 million and $1 billion. If those estimates are right, there’s a lot of uninsured art out there. So, what are your favorite and most valuable assets? Aside from your loved...
by Christine | Nov 14, 2012 | Estate Planning, Inheritance |
Every parent with more than one child knows that not all kids are created equal…And when it comes to estate planning, it's time to think hard about what each child needs and what you've done for each one already. It’s never easy to make sure your children are...
by Christine | Nov 9, 2012 | Estate Planning, LIfe Insurance, SLAT |
Couples with assets valued between $20 million and as high as $50 million typically are reluctant to give away $5 million or $10 million, in case they someday need the gifted assets. A spousal lifetime access trust (SLAT), coupled with the purchase by the SLAT...
by Christine | Nov 8, 2012 | Annual Gift Exclusion, Charitable Giving, Estate Planning |
Individuals can generally receive up to $13,000 a year as a gift without getting hit by a federal gift tax. In 2013, as a result of cumulative indexing, this amount is projected to increase to $14,000 per person. Sometimes it’s the little things, and in this case the...
by Christine | Nov 7, 2012 | 2012, Estate Planning |
Much of what is being written on the prospect of the expiration of the Bush-Era tax cuts focuses on its income tax implications. Yet, I believe that there is a greater likelihood that the estate and gift taxation aspects of this looming expiration are both less likely...
