Estate Planning
Law Office of Robert J. Ross
Transferring Assets to Your Minor Children In many cases, it makes sense for a parent/taxpayer to start transfer.
Buy/Sell Agreement Critical for Business Owners
J. Craig Swapp Law Offices
If your estate includes a business or and interest in a business, you should have a buy/sell agreement.
Leveraging the "Supergrat": Estate-Planning Strategies.
Gideon Rothschild of Moses & Singer LLP
Creative split-interest trusts are one of the most favored estate-planning strategies for passing wealth to succeed.
Recommended Estate Planning Techniques
Ryan, Swanson & Cleveland, PLLC
Overview We have found that many married couples have Wills they executed years ago, typically leaving all of th.
Unified Gift And Estate Tax System
Daniel C. Doherty, P.C.
Regardless of how property passes at death, for estate tax purposes a decedent's "taxable estate" will include the .
Protecting Your Vacation Home from the Grim Reaper
Dingeman, Dancer & Christopherson, P.L.C.
A common estate planning question that needs to be resolved is "who gets the vacation home?" The answer .
Tax Strategies
Waller Lansden Dortch & Davis LLP
How nepotism can benefit your family when tax time arrives Hiring family members at your business could have more .
Which Marital Deduction Formula Do You Use?
Maroko and Landau, P.C.
The choice of marital deduction clauses is important. It effects the amount passing to the surviving spouse (and th.
Estate Tax Relief Legislation
Saul Ewing LLP
On September 27, a group of Democratic House members introduced what they consider to be compromise estate t.
IRA Plans Have Many Facets
Slaymaker & Nelson, P.A.
IRA Plans Have Many Facets How are IRA's taxed? IRA's (Individual Retirement Accounts), Keogh Plans, Simplified.
Things You Need to Know if You Are Named Executor of a Will or Trustee of an Estate
Anthony B. Ferraro of Anthony B. Ferraro
Overview Quite often a good friend or a member of your family will have a will or trust drawn up and ask you to .
Elder Law FAQ's
Larsen and Edlund
What is a will? A will is a legal document created to assist the Probate Court in the payment of your debts includ.
Wills, Trusts, And Estate Planning
Bucholtz & Bull PC
The primary purpose of any will, trust, or estate planning is to make sure that your assets are distributed or held.
Should You Consider a Qualified Personal Residence Trust (QPRT)?
Gregory J. Morris of Gregory J. Morris
The Qualified Personal Residence Trust ("QPRT") represents an increasingly popular and effective planning technique.
Estate Planning and the Taxpayer Relief Act of 1997
Vinokur, Howard N.
On July 29, 1997, President Clinton signed the Taxpayer Relief Act of 1997. The Act .
Strangi III Gives New Guidelines for Using Family Limited Partnerships as a Valuation Discount Tool
R. Frederick Caspersen,Lara N. Gilman,Michael L. Korbholz and Jeralyn A. Seiling of Farella Braun + Martel LLP
For some time, family limited partnerships (FLP's) have been a vital instrument for managing and transferring family wealth. Recently, however, the IRS has been attacking their use as a discount valuation tool. In 2003, the case of Estate of Strangi v. Commissioner, T.C. Memo. 2003-145 (2003) [Strangi II], caused serious concern among estate planning professionals by casting doubt on the continuing viability of the FLP as a strategy for minimizing the taxable estate.
Estate Planning throughout the Ages
Michael Lee Hanks of Law Office of Michael L. Hanks
Just as in all aspects of life, for every phase of estate planning there is a season. This article will discuss th.
The Taxpayer Relief Act of 1997: An Overview of Selected Provisions
Buchanan Ingersoll & Rooney PC
The Taxpayer Relief Act of 1997, which was signed by President Clinton on August 5, 1997 (the "Act"), provides tax .
Selected Estate Tax Provisions of the Taxpayer Relief Act of 1997
Frank W. Rogers of Woods Rogers PLC
Introduction The Taxpayer Relief Act of 1997 ("TRA 97" or the "Act") has been the subject of numerous commentari.
Transferring Assets to Your Minor Children
Diviacchi Law Office
In many cases, it makes sense for a parent/taxpayer to start transferring his wealth to his children well before.
Charitable Giving and Taxes-A summary of all of the basic income and estate and gift tax rules that apply in charitable giving.
Law Office of Robert Doucette
Public CharitiesÃÂPrivate Foundations If a charity is classified as a private foundation (not an operating foun.
Current Events In Trusts & Estates
Robert J. Weinberg of Pepper Hamilton LLP
This article provides an overview of recent developments occurring in the trusts and estates practice area.
Handing Down the Family Business
Motschenbacher & Blattner LLP
If you are the owner of a family-run business, your heirs may be able to benefit from a special new estate tax breaK.
Employee Benefits Regulatory Update: DOL Announces Automatic Extension for Filing 1999 Form 5500--April 2000
Saul Ewing LLP
The Department of Labor (DOL) has just announced an automatic 2_ month extension for filing 1999 Form 5500 for cale.
Choosing the "Best" Trustee
Checkett & Pauly, P.C.
The selection of a trustee for a revocable living trust is one of the most important decisions when developing an e.
Estate and Gift Tax Law Changes Provide Planning Opportunities
Broad and Cassel
Congress recently passed the Tax-payer Relief Act of 1997 which includes numerous changes in the tax laws including.
Congress Opens the Door to Leave More to Your Heirs and Less to the IRS
Powell, Trachtman, Logan, Carrle & Lombardo P.C.
For professionals and their spouses who have avoided estate planning for themselves and their families for any .
Introduction to Estate Planning
Robert L Sommers of Sommers, Robert L.
Estate planning is concerned with the use, conservation and disposition of a person's property and wealth. This involves two elements: (1) minimizing the gift or estate tax consequences that occur when a person's property is passed to another either during life or at death; and (2) provisions for taking care of the decedent's spouse and family. Both elements can be enormously complex, interrelated and often operate inversely. For instance, the goal of providing more for one's children or grandchildren and less for a surviving spouse may cause adverse estate tax consequences.
History and Overview of the Federal Estate Tax
The Prince Law Firm
The federal estate tax is defined by the Internal Revenue Service as a tax on the right to transfer property at death.
Charitable Lead Trusts can Provide Great Benefits
Broad and Cassel
A Charitable Lead Trust ("CLT") is an often overlooked estate planning technique that, given the right circumstance.
Repeal of N.C. Inheritance Tax "A Step In The Right Direction, But!."
Mike Godwin of Nexsen Pruet
This article discusses the repeal of the North Carolina inheritance tax for people that have passed away after January 1, 1999.
The Tax Consequences of Sellling an Asset that is Inherited or Received as a Gift
Diviacchi Law Office
A very common but often overlooked aspect of income taxation concerns the tax consequences of an individual's sale.
Estate Planning for Non-Resident Spouses
Pillsbury Winthrop Shaw Pittman LLP
This memorandum discusses generally the U.S. gift tax and estate tax issues to consider for a married couple when .
New Chapter 14 Rules Affect Buy-Sell Agreements
Richard P. Breed of Tarlow, Breed, Hart & Rodgers, P.C.
On November 5, 1990 Congress enacted the Omnibus Budget Reconciliation Act of 1990 ("OBRA").
Tax Basis of Inherited and Gifted Property
Goldsmith Law Firm
A very common but often overlooked aspect of income taxation concerns the tax consequences of an individual's .
Estates Involving Foreign Nationals Present Challenges
Tonya S. James of Vacovec, Mayotte & Singer, LLP
Introduction
nationals relocate to the United States for education,trainiÃÂ
Federal Estate Tax Planning
Tydings & Rosenberg LLP
Once the value of your taxable fed-eral estate exceeds $625,000 ($650,000 as of 1999), your estate tax bracket is a.
Why You Should Have A Will And Estate Plan
Mansfield, Tanick and Cohen, P.A.
If you die without a Will or other estate plan, state statutes will control and require division of your estate bet.
Gift Giving Tips
Pillsbury Winthrop Shaw Pittman LLP
Tax-Free Gifts Generally, you are subject to U.S. gift tax whenever you give property to individuals. Three typ.
North Carolina Estate Planning Tools
Solomon & Mitchell, PLLC
The Internal Revenue code ("IRC") and North Carolina law grant an unlimited gift and estate tax deduction for all .
Who Should be the Beneficiary of Your Qualified Retirement Plan Benefits
Vacovec, Mayotte & Singer, LLP
Qualified retirement plan benefits are generally included in a deceased participant's estate under Internal Revenue.
Qualified Personal Residence Trusts: Questions and Answers
Pepper Hamilton LLP
Everything you ever wanted to know about QPRTs.
Does Elimination of the Federal Estate Tax Mean Elimination of Estate Planning?
Anywhere Legal - The Virtual Law Firm
The battle over whether to repeal or reduce federal estate and gift taxes will probably be resolved this year. For .
Preparing For the Sale of Your Home
Scheier & Katin, P.C.
The most disconcerting call a homeseller can receive is one advising him or her that their closing must be delayed..
Tax Law and Funding Future Education: A More Attractive Way to Save for College
William C. Hussey of White and Williams LLP
Parents of college-bound children were thrilled when Qualified State Tuition Programs were first introduced. Now the news has gotten even better with advantageous changes to investment options and rollovers, and tax-free distributions beginning January 01, 2002.
Estate Planning: What is it?
Law Office of Ray R. Goldie
Preliminary Overview of Estate Planning The goal of the estate planning attorney is to consider and to minimize .
Taxpayer Relief Act of 1997
Max Gutierrez, Jr. of Brobeck Phleger & Harrison LLP
With Congress and the President promising tax relief and tax simplification for a number of years, there was little relief and a lot more complexity in the Taxpayer Relief Act of 1997 ("Act").
Summary of Estate Planning Issues
Anthony B. Ferraro of Anthony B. Ferraro
The purpose of this article is to provide a brief overview concerning both tax and non-tax issues that should be .
GIFTING ASSETS: Reducing Your Estate Tax Burden
Levun, Goodman & Cohen, LLP
Many people plan to minimize estate taxes through properly drawn estate planning documents. However, estate tax savings can often be substantially increased by lifetime transfers of assets. Let's examine two available techniques.
ESTATE TAXES: Specific Strategies That Can Save You a Bundle
Levun, Goodman & Cohen, LLP
The Estate Tax Burden The federal estate tax has often been referred to as the sneak-up-on-'em tax.
Tax Reform Update
Karen A. McSherry of Schlossberg & Associates P.C.
Something exciting happened in Washington recently and, amazingly, it didn't involve anyone named Monica or .
Estate Tax Problems For The Un-Rich And Un-Famous
Susan Gell Myers of Warner Norcross & Judd LLP
This article illustrates the importance of careful estate planning for those with even modest incomes.