by Christine | Oct 24, 2012 | Estate Planning |
National Estate Planning Awareness Week (Oct. 15-21). What’s that? As Forbes Senior Editor Deborah L. Jacobs put it in a recent post: “It’s a bit of a contrivance by lawyers in the field to get you to seek out their services. But it’s also a good time to...
by Christine | Oct 23, 2012 | Estate Planning, Special Needs Trusts, Trusts |
With each passing election season, the conversations about the cost of government-provided health care and Social Security get more urgent. But debates about the deserving and the undeserving and the proper level of budgets and taxes tend to gloss over the issue of...
by Christine | Oct 18, 2012 | 2013, Estate Planning, Gift Tax |
Next year, that $13,000 limit on gifts is expected to increase to $14,000—an inflation adjustment required by law. The number isn't yet official—and won't be until later this year when the Internal Revenue Service will announce this and many other inflation...
by Christine | Oct 11, 2012 | Estate Law, Estate Planning, Trusts |
Romney’s [estate planning] vehicle is known as an “intentionally defective grantor trust” or by the acronym IDGT — hence the nickname: “I Dig It.” Such trusts permit donors to give potentially unlimited amounts to children free of estate and gift taxes. All...
by Christine | Oct 10, 2012 | Estate Planning, Estate Tax |
Should the current estate tax law expire at year-end without Congressional action, nearly 15 million U.S. households will have a potential estate tax liability, according to new research. Will the Bush-era tax laws expire after December 31, 2012? To expire or not to...
by Christine | Oct 8, 2012 | Estate Law, Estate Planning |
A majority of families wealthy enough to have their own financial offices may have estate plans that are sorely out of date, according to a survey by Rothstein Kass, a leading national professional services firm providing accounting, auditing and tax services. An...
