American Taxpayer Relief Act, Estate Tax

The Fallout from the American Taxpayer Relief Act – What a Relief?

by Les Williams | Niles, Barton & Wilmer, LLP on 5/15/2013

Because the media cycle moves so quickly these days, you may have already forgotten about the frantic last few days of 2012, during which Congress and the White House worked feverishly to save us all from going off the...more

ATRA 2012 – How Does it Affect You?

by Vance E. Antonacci | McNees Wallace & Nurick LLC on 5/9/2013

The American Taxpayer Relief Act of 2012 (the “Act”) was signed into law on January 1, 2013. Among other things, the Act amended the federal estate, gift, and generation skipping transfer tax laws. The amendments of the Act...more

Mcnees Insights - Asset Planning and Federal Taxation - Spring 2013

by Vance E. Antonacci, Scott Alan Mitchell | McNees Wallace & Nurick LLC on 5/8/2013

In This Issue: ATRA 2012 – How Does it Affect You?; Planning and Paying for Long-Term Care; and Obama Revenue Raising Proposals. Excerpt from ATRA 2012 – How Does it Affect You?: The American Taxpayer...more

The New Federal Estate Tax Laws – Permanent?

by Lawrence Hunt, David Raymon | Partridge Snow & Hahn LLP on 4/26/2013

In January, the President signed the American Taxpayer Relief Act of 2012, which among other things, permanently raised the federal estate, gift and generation skipping transfer tax exemptions to $5,000,000, indexed for...more

No Such Thing as Forever: President Obama’s 2014 Budget Proposes to Reduce Estate Tax Exemption Amount in 2018

by Janice Tam | Carr, McClellan, Ingersoll, Thompson & Horn -... on 4/19/2013

Just when many of us believed that, after years of changes and uncertainty, the federal estate tax exemption had stabilized at $5.0 million, subject to inflation adjustment (for 2013, it is a $5.25 million exemption), we have...more

Treasury Releases “Green Book” of Obama Administration FY 2014 Tax Priorities

by Mary Burke Baker, Michael W. Evans, Andrés Gil, Karishma Shah Page, Stefanos Roulakis, Ryan J. Severson | K&L Gates LLP on 4/18/2013

On April 10, the Treasury Department released its “General Explanations of the Administration’s Fiscal Year 2014 Revenue Proposals.” Known as the “Green Book,” the document provides an explanation of the Administration’s FY...more

Estate Planning Insight: Estate Planning After The American Taxpayer Relief Act Of 2012

by Margaret Cronin, Eileen Day | Leonard, Street and Deinard on 3/15/2013

The American Taxpayer Relief Act of 2012 (ATRA) was signed into law on January 2, 2013, ending twelve years of uncertainty concerning the federal estate, gift and generation-skipping tax rates and exemptions....more

What the Recent Estate Tax Changes Mean to You

by Ryan Barry, Leah McElmoyl, Dana Perry | Chambliss, Bahner & Stophel, P.C. on 3/15/2013

On January 2, 2013, President Obama signed into law the American Taxpayer Relief Act of 2012. This Act permanently sets the federal estate and gift tax exemption at $5 million per person ($10 million per couple), adjusted...more

Estate, Gift, and GST Taxes in 2013: American Taxpayer Relief Act of 2012 and Other News (Oregon)

by Michele Buck-Romero, Patrick Green, Amelia Heath | Davis Wright Tremaine LLP on 3/1/2013

The American Taxpayer Relief Act of 2012 (the “Act”) was signed into law on Jan. 2, 2013, avoiding dramatic changes to tax exemptions and tax rates on transfers subject to federal estate, gift, and generation-skipping...more

Estate Plans May No Longer Need Credit Shelter Trusts

by William Belcher | Poyner Spruill LLP on 2/28/2013

The 2012 Tax Relief Act provides an exemption from federal estate tax of $5,250,000 inflation indexed per spouse that is portable between spouses. If the first spouse to die does not use in whole or in part her or his...more

Estate Planning Implications of American Taxpayer Relief Act of 2012

by Deanna Lyon, Virginia Palmer, Judith Yang | Wendel, Rosen, Black & Dean LLP on 2/27/2013

The American Taxpayer Relief Act (the Act), which was passed by Congress on January 1, 2013 and signed into law by President Obama on January 2, has finally provided some permanence to the transfer tax laws....more

Understanding the American Taxpayer Relief Act of 2012

by W. King Copler | Chambliss, Bahner & Stophel, P.C. on 2/14/2013

The American Taxpayer Relief Act of 2012 was signed into law on January 2, 2013. The Act permanently extends many of the Bush-era tax cuts, while increasing tax rates for higher income taxpayers. Below is a brief summary of...more

Wealth Management Update - February 2013

by Proskauer Rose LLP on 2/12/2013

In This Issue: - February Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts - IRS Issues Revenue Procedure 2013-15 - Private Letter Ruling...more

Auto Notes -- February 2013

by Michael R. Kelley, Elizabeth Mullaugh | McNees Wallace & Nurick LLC on 2/11/2013

In This Issue: "Insuring Your Dealership: Do I Really Need Garage Liability and Garagekeeper's Insurance?" and "The American Taxpayer Relief Act"...more

Termination of Credit Shelter Trusts

by William Belcher | Poyner Spruill LLP on 2/11/2013

As discussed in a previous article, due to higher estate tax exemption, certain trusts previously established for purposes of avoiding estate taxes under the estate plan of a predeceased spouse may no longer be necessary in...more

Estate Planning After the American Taxpayer Relief Act

by Craig Dalton | Poyner Spruill LLP on 2/11/2013

Congress adopted the American Taxpayer Relief Act (the Act), effective January 1, 2013. The Act made permanent tax rates and exemptions for estate, gift, and generation-skipping transfer (GST) taxes. Prior laws incorporated...more

Estate, Gift, and GST Taxes in 2013: American Taxpayer Relief Act of 2012 and Other News

by Michele Buck-Romero, David Callahan, James Flaggert, Patrick Green, Amelia Heath, Richard Klobucher, Douglas Lloyd, G. Matthew Loftin, Malcolm Moore, Dana Reid | Davis Wright Tremaine LLP on 2/5/2013

The American Taxpayer Relief Act of 2012 (the “Act”) was signed into law on Jan. 2, 2013, avoiding dramatic changes to tax exemptions and tax rates on transfers subject to federal estate, gift, and generation-skipping...more

Alert: Estate Planning - January 2013

by Pullman & Comley, LLC on 2/5/2013

For the first time in more than a decade, clients and advisors can plan their estates with a significant degree of certainty. The new tax law passed by Congress on January 1, 2013 and signed into law by President Obama...more

2013 Tax Update Letter

by Hopkins & Carley on 1/30/2013

Dear Clients and Colleagues: This letter provides you with a summary of the American Taxpayer Relief Act of 2012 (the “Act”) with respect to the key estate and gift tax provisions, and presents some thoughts on wealth...more

2013 Estate Planning Update

by Laura Kelly, John Lombard, David Ludgin, Dana Mark | McCarter & English, LLP on 1/30/2013

As 2012 drew to a close, your estate planning attorney's attention was diverted from the ball drop in Times Square to whether Congress would drop the ball with respect to the fiscal cliff. Congress, however, passed the...more

Make a New Year’s Resolution to Review Your Estate Plan in 2013

by Partridge Snow & Hahn LLP on 1/29/2013

Each year, at this time, we remind our clients of the importance of keeping their estate planning documents up to date. With the avoidance of the tax side of the “Fiscal Cliff” and the passage of the American Taxpayer Relief...more

High Net Worth Family Tax Report, Vol. 8, No. 1 - January 2013

by Loeb & Loeb LLP on 1/24/2013

Table of Contents: Remember to file your gift tax return and other follow-up related to 2012 gifts; Review estate plans in light of $5 million exemption becoming permanent; Annual exclusion amount for gifts increased for...more

Highlights of the Individual Tax Provisions in the New Taxpayer Relief Act

by Thomas Wechter | Duane Morris LLP on 1/24/2013

Originally published in the AICPA Tax Insider on January 17, 2013. After months of senseless haggling, the Senate early in the morning of Jan. 1, 2013, by a vote of 89–8, and the House of Representatives late in the...more

What the “Fiscal Cliff” Resolution Means for Personal Estate Planning

by Dechert LLP on 1/24/2013

For the first time in 12 years, the estate, gift and generation-skipping transfer tax law does not have a built-in expiration date in the United States. Congress has exempted all estates below approximately $5 million ($10...more

FINALLY…Clarity And Good News On Estate And Gift Taxes

by Stuart Kohn, Robert Romanoff, Sheri Warsh, Robert Wertheimer | Levenfeld Pearlstein on 1/23/2013

It has often been said that the only things in life that are certain are death and taxes. Until two weeks ago, the “taxes” part of that phrase was not so certain. However, on January 2, 2013 President Obama signed the...more

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American Taxpayer Relief Act › Estate Tax