Handle an inherited IRA with care -
An inherited IRA can be a welcome financial windfall. But the rules governing required minimum distributions (RMDs) from these tax-deferred accounts are complex. IRA recipients should...more
Now’s the time to review your GST tax exposure
Absent congressional action this year, the federal gift and estate exemption and the generation-skipping transfer (GST) tax exemption (currently $13.99 million) are scheduled...more
Managing your residuary estate -
Even with a comprehensive estate plan, it’s likely you’ll have some assets in a residuary estate. Like the sediment at the bottom of your glass after you finish a fine wine, an estate plan...more
Moving to another state?
Revisit your estate plan -
If you recently relocated to a new state — or you’re planning such a move — it’s a good idea to review and update your estate plan. You won’t have to throw out your...more
Revocable trusts -
Don’t forget to fund the trust throughout your lifetime -
Many estate plans are built around revocable trusts (sometimes called “living trusts”). These trusts allow you to 1) avoid the time, expense...more
How planning can minimize the impact of income taxes -
Until recently, estate planning strategies generally focused on removing as much wealth as possible from one’s estate to avoid the bite of federal estate tax....more
Rising rates spark interest in charitable remainder trusts -
If you wish to leave a charitable legacy while generating income during your lifetime, a charitable remainder trust (CRT) may be a viable solution. In addition...more
10/25/2022
/ Asset Management ,
Estate Claims ,
Estate Planning ,
Estate Tax ,
Inheritance ,
IRS ,
Life Insurance ,
Retirement Funds ,
Tax Planning ,
Trustees ,
Trusts ,
Wealth Management
Don’t overlook foreign assets when planning your estate -
You’d be surprised how often people fail to disclose foreign assets to their estate planning advisors. They assume that these assets aren’t relevant to their “U.S.”...more
6/2/2020
/ Asset Management ,
Beneficiary Designations ,
Charitable Deductions ,
Charitable Donations ,
Estate Planning ,
Estate Tax ,
Federal Taxes ,
Generation-Skipping Transfer ,
Gift Tax ,
Income Taxes ,
Tax Exemptions ,
Tax Planning ,
Trusts
Now or later -
When’s the right time to transfer your wealth? -
To gift or not to gift? It’s a deceptively complex question. The temporary doubling of the gift and estate tax exemption — to an inflation-adjusted...more
12/19/2019
/ Asset Management ,
Beneficiary Designations ,
Charitable Deductions ,
Charitable Donations ,
Estate Planning ,
Estate Tax ,
Federal Taxes ,
Generation-Skipping Transfer ,
Gift Tax ,
Income Taxes ,
Tax Exemptions ,
Tax Planning ,
Trusts
What’s a clawback ? and should you be worried about it?
By temporarily doubling the gift and estate tax exemption amount, the Tax Cuts and Jobs Act created an historic opportunity for affluent families to shelter wealth...more
10/4/2019
/ Art Collections ,
Clawbacks ,
Disabled Children ,
Elder Care ,
Elder Issues ,
Estate Planning ,
Estate Tax ,
Estate-Tax Exemption ,
Fine Art ,
Gift Tax ,
Gift-Tax Exemption ,
IRS ,
Proposed Regulation ,
Tax Cuts and Jobs Act ,
Tax Planning
In This Issue:
- The Importance of Accredited Investors for Small Business Capital Formation
- “All Appropriate Inquiries”: Update on the Environmental Due Diligence Standard
- A Hunt for Justice Erodes...more
6/12/2015
/ Accredited Investors ,
Angel Investors ,
ASTM ,
Attorney-Client Privilege ,
Capital Formation ,
CERCLA ,
Data Breach ,
Dodd-Frank ,
Drinking Water ,
Due Diligence ,
Economic Development ,
Entrepreneurs ,
Environmental Protection Agency (EPA) ,
Estate Planning ,
Financial Planning ,
Limited Liability Company (LLC) ,
Private Equity ,
Securities and Exchange Commission (SEC) ,
Seed Financing ,
Small Business ,
Startups ,
Tax Planning ,
Venture Capital
In This Issue:
- Taxpayer Relief Act of 2012
- Tax Planning for the “New Normal”
- HIPAA: Not Just for Health Care
- ADA Requirements for Pools
- Impact of Dodd-Frank Swap Regulations on Loan Documents
-...more
The American Taxpayer Relief Act of 2012 (the “2012 Act”) had a profound impact on the transfer tax system. I will briefly describe that system and then, by way of background, set the stage for these changes by summarizing...more