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 .
Ownership and Value: The Keys to Prudent Estate Planning
David A. Ison of Law Offices of David A. Ison
Estate planning often appears to be a highly complex science, drawing upon an intricate array of trusts, transfers,.
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 .
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.
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.
Citizenship in Estate Planning--A Trap for the Unwary
Lynn T. Cravinho of O'Brien, Shafner, Stuart, Kelly & Morris, P.C.
What is your marital status? What is your family history? What is your net worth? How are your assets owned? Th.
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.
Recent Developments
Daniel K. Hicks of Nexsen Pruet
The following article appeared in "The Will and The Way" newsletter for the North Carolina Bar Association Estate Planning and Fiduciary Law Section (November 2000). The author reviews federal administrative and case law developments as well as North Carolina Case Law Developments relating to trust and estate law.
Do's and Don'ts of Selecting Assets to Give as Gifts
Ryan, Swanson & Cleveland, PLLC
In selecting property to give as a gift, the following general rules apply; however, you should consult with your e.
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.
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 .
Estate Planning for Married Couples with Significant Assets
Polly P. Lewis, Attorney at Law
Married couples with significant assets valued at more than the amount that is exempt from estate tax (now $675,00.
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.
Charitable Giving and Tax-Exempt: Organizations Handbook
McGuireWoods LLP
This article provides an overview of individual charitable giving and the rules outlined in this handbook are based upon the tax laws in effect on January 1, 1998.
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..
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").
Generation-Skipping Transfer Tax
Pillsbury Winthrop Shaw Pittman LLP
This memorandum summarizes the general provisions of the generation-skipping transfer ("GST") tax. Transfers Subj.
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.
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.