Buyer Beware: Reduced Indemnity On Account Of Supposed (Mythical?) Tax Benefits.
Originally published in Deal Points: The Newsletter of the Mergers and Acquisitions Committee - American Bar Association - Winter 2013. When the seller of a business or the assets of a business is...
View ArticleInsight on Estate Planning - April/May 2013
In This Issue: - How to fund long-term care insurance with a tax-free exchange - Should a CRT be part of your estate plan? - The key to an effective trust is education - Estate Planning Pitfall: You’ve...
View ArticleInsight on Estate Planning - June/July 2013: New 3.8% Medicare contribution...
One of the funding mechanisms for health care reform is a new 3.8% Medicare contribution tax on net investment income (NII) going into effect this year. The tax applies to higher-income individuals as...
View ArticleInsight on Estate Planning - June/July 2013: Estate planning for adopted...
For those who have adopted children or unadopted stepchildren, estate planning is critical to ensure that their property is distributed the way they desire. For those who are unmarried and in a...
View ArticleInsight on Estate Planning - June/July 2013: Shipping your trust over the...
It’s not uncommon for families to relocate to another state to enjoy lower state income taxes. But trusts can follow a similar strategy. This article takes a closer look at how to change a trust’s...
View ArticleInsight on Estate Planning - June/July 2013: Estate Planning Pitfall - You’re...
To relieve their families of the burden of planning a funeral, many people plan their own and pay for them in advance. Unfortunately, prepaid funeral plans are fraught with potential traps. Some plans...
View ArticleInsight on Estate Planning - June/July 2013
In This Issue: - New 3.8% Medicare contribution tax: Do you know how to reduce or eliminate your liability? - Estate planning for adopted children and stepchildren - Shipping your trust over the state...
View ArticleInsight on Estate Planning - August/September 2013
In This Issue: - Is your estate plan bulletproof? Techniques for avoiding litigation over your estate - A good reason to revisit your estate plan: Accounting for digital assets - Making gifts still...
View ArticleInsight on Estate Planning - August/September 2013: Is your estate plan...
An inherent problem with wills and other estate planning documents such as trusts is that, when the time comes to put them into action, they can be objects of dispute. Fortunately, there are strategies...
View ArticleInsight on Estate Planning - August/September 2013: A good reason to revisit...
If a person dies without addressing digital assets in his or her estate plan, loved ones or other representatives may not be able to access them without going to court — or, worse yet, may not even...
View ArticleInsight on Estate Planning - August/September 2013: Making gifts still...
The American Taxpayer Relief Act of 2012 (ATRA) eliminated much of the uncertainty that plagued estate planning for years by making two key provisions “permanent”: the $5 million gift and estate tax...
View ArticleInsight on Estate Planning - August/September 2013: Estate Planning Pitfall -...
If an estate plan includes one or more trusts, it’s a good idea to review them in light of recent tax law changes. Higher income taxes — on individuals as well as trusts — may make it advisable to...
View ArticleInsight on Estate Planning - October/November 2013
In This Issue: - To preserve your wealth, consider a DAPT - Estate planning for same-sex spouses: What the Supreme Court’s DOMA ruling means - Using an FLP or LLC? Beware the step transaction doctrine...
View ArticleInsight on Estate Planning - October/November 2013: To preserve your wealth,...
For affluent families with significant liability concerns, foreign asset protection trusts (FAPTs) probably offer the greatest protection against creditors’ claims. But those who prefer to avoid the...
View ArticleInsight on Estate Planning - October/November 2013: Estate planning for...
In June, the U.S. Supreme Court ruled unconstitutional Section 3 of the Defense of Marriage Act, which restricted the definition of “marriage” to a legal union between a man and a woman. Same-sex...
View ArticleInsight on Estate Planning - October/November 2013: Using an FLP or LLC?...
Either a family limited partnership (FLP) or a limited liability company (LLC) can allow the transfer of a significant amount of wealth to the next generation at a discounted value for gift tax...
View ArticleInsight on Estate Planning - October/November 2013: Estate Planning Pitfall:...
Inattention to beneficiary designations and jointly held assets can quickly unravel an estate plan. Many don’t realize that their will doesn’t control the disposition of “nonprobate assets,” such as...
View ArticleInsight on Estate Planning - Year End 2013
In This Issue: - State death taxes can be hazardous to your estate - Can portability help preserve retirement benefits? - Provide for family members with special needs using an SNT - Estate Planning...
View ArticleInsight on Estate Planning - Year End 2013: State death taxes can be...
Now that the federal gift and estate tax exemption is permanently set, many people are feeling more relaxed about the need for estate planning. But it’s important not to overlook state death taxes....
View ArticleInsight on Estate Planning - Year End 2013: Can portability help preserve...
The American Taxpayer Relief Act of 2012 (ATRA) made the estate tax exemption “portability” feature permanent. This allows a surviving spouse to take advantage of a deceased spouse’s unused federal...
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