In this issue:
- Valuing LLC Interests: How To Lose In Tax Court
- Should You Keep Your Trust A Secret?
- Effort – A “Stretch IRA” Can Maximize Your IRA’s Benefits
- Estate Planning Red Flag – You Hold Joint Title To Property With A Relative Or Friend
- Excerpt from Valuing LLC Interests: How To Lose In Tax Court:
A recent U.S. Tax Court case — Estate of Tanenblatt — offers an important lesson for executors and other personal representatives: When valuing assets for estate tax purposes, be sure you’re satisfied with the valuator’s methods and conclusions before you file an estate tax return. Offering new valuation theories in court can backfire.
Please see full newsletter below for more information.
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Topics: Asset Valuations, Estate Planning, Estate Tax, IRA, Jointly-Owned Property, Limited Liability Companies, Real Estate Investments, Tax Court, Transfer of Title, Trusts, Valuation
Published In: Finance & Banking Updates, Tax Updates, Wills, Trusts, & Estate Planning Updates
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.
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