by Christine | Sep 7, 2012 | Estate Planning, Gift |
Given the uncertainty surrounding next year's taxes, here is a reassuring thought: One of Uncle Sam's most useful tax benefits isn't expiring, shrinking or otherwise under threat after 2012. Experts call it the "annual gift exclusion." Been...
by Christine | Aug 31, 2012 | Gift, Inheritance, International Taxation, IRS |
What about foreign gifts and inheritances? These rules aren’t as well publicized but the stakes are huge. Have you received a gift or inheritance from a loved one living in a different country? The IRS wants to know about it, and failing to notify them could cost you....
by Christine | Aug 15, 2012 | Alzheimer's, Appraisal, Charitable Giving, Estate Planning, Gift, Gift Tax |
"We're sort of in a perfect storm right now because the gift tax exemption is higher than it's ever been, and the value of businesses are at an all-time low, which makes it a perfect time to gift them," says Karen Goldberg, president of the Estate...
by Christine | Jun 27, 2012 | Elder Abuse, Elder Law, Gift |
While clashes over who got what and how during someone's lifetime crop up in many will fights, the staggering size, two-decade timeframe and uncommon circumstances distinguish the dispute surrounding [Huguette] Clark's gifts. Are you planning your estate or...
by Christine | Jun 13, 2012 | Estate Planning, Gift, Stock |
If you want to give a high-school or college graduate a gift with a big financial impact, go beyond writing a check. Giving the gift of investing—with individual stocks, bonds or investment accounts and even some financial planning—will help a young adult get started...
by Christine | May 18, 2012 | Estate Planning, Gift, Small Business |
The Tax Court has just passed a new technique that closely-held business owners —and wealthy families — can use to pass assets to heirs with a minimal amount of taxes and complications. The ruling in the case, Wandry v. Commissioner, is stirring up excitement among...
