Although the IRS is now on high alert for wealthy individuals, new and existing planning opportunities are available, such as tax-free gifts and other advantageous planning.
Wealthy individuals and families should take...more
10/19/2023
/ Charitable Lead Annuity Trust ,
Estate Planning ,
Estate Tax ,
Generation-Skipping Transfer ,
Gift-Tax Exemption ,
Grantor Retained Annuity Trusts (GRATs) ,
Grantor Trusts ,
Inflation Reduction Act (IRA) ,
Internal Revenue Code (IRC) ,
IRS ,
Promissory Notes ,
Qualified Small Business Stock ,
Renewable Energy ,
Spousal Lifetime Access Trust (SLAT) ,
Tax Incentives ,
Tax Planning ,
U.S. Treasury ,
Wealth Management
As 2022 comes to a close, it is worth taking note of the current state of the legislative landscape that could affect estate planning opportunities in the coming year. This year, the Inflation Reduction Act was enacted into...more
Taking advantage of present economic opportunities.
Now is the time to take advantage of opportunities to save on transfer taxes....more
There have been a number of significant estate planning developments in 2018 which will help clients prepare for 2019.
The historically high increased exemption amounts for gift, estate and generation-skipping transfer...more
12/21/2018
/ Beneficiaries ,
Charitable Deductions ,
Estate Planning ,
Estate Tax ,
Generation-Skipping Transfer ,
Gift Tax ,
Income Taxes ,
IRS ,
Pending Legislation ,
Proposed Rules ,
Tax Cuts and Jobs Act ,
Trusts
The Tax Cuts and Jobs Act, providing extraordinary estate planning opportunities, was signed into law by the President on December 22, 2017.
The new Act allows for a great opportunity to take advantage of increased...more
12/29/2017
/ 529 Plans ,
Alternative Minimum Tax ,
Charitable Donations ,
Estate Planning ,
Estate Tax ,
Generation-Skipping Transfer ,
Gift Tax ,
International Tax Issues ,
New Legislation ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Exemptions ,
Title II ,
Title V
If enacted, the Tax Cuts and Jobs Act could open up significant estate planning opportunities.
The House bill doubles the exemptions from estate, gift and generation-skipping transfer taxes, creating new opportunities for...more
11/29/2017
/ Charitable Donations ,
Estate Planning ,
Estate Tax ,
Estate-Tax Exemption ,
Generation-Skipping Transfer ,
Gift Tax ,
Gift-Tax Exemption ,
International Tax Issues ,
Pass-Through Entities ,
Popular ,
Tax Deductions
On August 2, 2016, the Treasury Department released proposed regulations amending and expanding upon the current regulations to Internal Revenue Code Section 2704. The proposed regulations, if adopted, would affect the...more
8/23/2016
/ Business Succession ,
Business Valuations ,
Closely Held Businesses ,
Estate Planning ,
Estate Tax ,
Family Businesses ,
Family Limited Partnerships ,
Gift Tax ,
IRC Section 2704 ,
IRS ,
Limited Liability Company (LLC) ,
Partnerships ,
Succession Planning ,
Transfer of Assets ,
Transfer Taxes ,
U.S. Treasury