As we’ve previously discussed, portability is an important feature of an estate plan. Portability allows the surviving spouse to die to “save” any of their predeceased spouse’s unused federal estate and gift exemption amount....more
“Legendary was the Xanadu where Kubla Kahn decreed his stately pleasure dome.” Legendary too were the colossal errors made by Mary Kane in this celebrated classic movie which follows a journalist as he tries to uncover the...more
1/20/2022
/ Capital Gains ,
Carryover Basis ,
Child Custody ,
Divorce ,
Estate Planning ,
Gift Tax ,
Grantor Retained Annuity Trusts (GRATs) ,
Guardians ,
Guardianships ,
Irrevocable Life Insurance Trusts ,
Prenuptial Agreements ,
Tax Liability ,
Trusts
The election is only weeks away, and with it is likely to come significant changes to the tax code. Many economists anticipate that, regardless of the outcome, there will likely be tax increases to reduce the federal deficit,...more
10/19/2020
/ Beneficiaries ,
Charitable Donations ,
Coronavirus/COVID-19 ,
Donor-Advised Funds (DAFs) ,
Estate Planning ,
Estate Tax ,
Generation-Skipping Transfer ,
Gift Tax ,
Gift-Tax Exemption ,
New Legislation ,
Private Foundations ,
Public Charities ,
SLAT ,
Sunset Provisions ,
Tax Exemptions ,
Tax Liability ,
Tax Planning ,
Transfer Taxes