Brief summary of 2011 deduction limits for retirement plans…more
1. Status: Passed by both houses of General Assembly. Bill has not yet arrived at Governor’s Office (as of May 17, 2010). Re-writes the entire act, except for the enactment clause.
2. Effective Date: July 1, 2011. Makes it…more
..How Did We Get Here? EGTRRA
*The Flip Side of the Estate Tax CARRY OVER BASIS
..Carry Over Basis (Estate Tax Repeal)
..What Will Congress Do?
..Only A Few Will Be Affected By the Estate Tax
In This Presentation:
*Caveat & Caution!
*Carryover Basis Affects…….
*Grantor’s Intent and Repeal
*WHAT IS THE CLIENT’S INTENT?
..Retroactive Estate Tax?
..Is There A Legal and/or Ethical Duty to Contact…more
The health care legislation recently passed by Congress and signed by the President, the Patient Protection and Affordable Care Act, imposes an additional Medicare tax of 3.8% on “net investment income” or the excess of modified…more
Now more than ever, people with wealth are “sitting ducks,” particularly if they have real estate holdings or significant professional incomes. Consider the following: More than 90 percent of all lawsuits in the world are…more
In my last blog post, I explained the stealth estate tax created by the so-called “carry-over” basis that will apply to administration of estates in 2010, due to the U.S. Senate’s failure to act to continue the law in effect in…more
In 2001, Congress revised the federal estate tax schedule, gradually increasing the individual exemption from estate tax from year to year. Pursuant to this legislation, the exemption was raised to $3.5 million per person ($7 M…more
On Jan. 1, 2010, Illinois is joining more than 20 other states that have passed laws that prohibit texting while driving.
So why is this important to your business or estate plan? In two words: Asset Protection. If you or…more
Many of us live an “online” life. We have user names and passwords for bank accounts, brokerage accounts, 401(k) accounts, children’s investments, credit cards, mortgage accounts, and other necessities of life; and we guard…more
We have prepared this brief summary of Frequently Asked Questions (faq) to acquaint our new clients with the basics of the estate planning process and some terms that they might want to know. Please understand that that this FAQ…more
This is The Kaufman Law Group's "Checklist of Items to Bring To An Initial Estate Planning Meeting." Please see full checklist below for more information…more
This is the Kaufman Law Group's Business Entity Comparison Chart. Please see full chart below for more information…more
This is The Kaufman Law Group's Estate Tax Rates and Proposals Comparison Chart. Please see full chart below for more information…more
This is The Kaufman Law Group's Sample Estate Plan. Please see full chart below for more information…more
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