Louisiana Tax Attorney Comments on Estate Planning Tax Changes

more+
less-

King, Krebs & Jurgens tax attorney Grant Coleman explains how recent tax changes affect anyone who has had a will written before 2010. The main concern is many wills have been written containing formula bequests that do not anticipate that there will be no estate tax at the time of the death of the testator. For example, a will may provide that the amount that can pass free of estate tax goes to one legatee with everything else going to another legatee (usually the surviving spouse, since bequests to surviving spouses were not subject to estate tax).

In this article, Coleman lays out what to do about your own will and estate plan and discusses basis increase planning opportunities for 2010.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:

Tax

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© King, Krebs & Jurgens, PLLC | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.
×
Loading...
×
×