For the first time since Israel began taxing trusts, the Israeli Tax Authority (ITA) has sent inquiries to some trusts seeking a declaration of worldwide assets and liabilities as of December 31, 2019. We have heard that this...more
3/15/2021
/ Beneficiaries ,
Capital Investments ,
Creditors ,
Debtors ,
Declaration ,
Investment Portfolios ,
Israel ,
Mortgages ,
Real Estate Investments ,
Tax Authority ,
Trustees ,
Trusts
A new retirement savings law passed as part of the 2019 spending bill and signed by President Trump on December 20 is intended to strengthen and improve qualified plan rules.
Effective on January 1, 2020, the Setting...more
When your child's legal status changes to adult upon turning 18, your relationship undergoes an invisible but profound change and your ability to “parent” your young adult may no longer exist.
This is because you no longer...more
Estate and gift tax planning are among the many areas of tax law impacted by the Tax Cuts and Jobs Act, which takes effect on January 1, 2018.
Federal Tax Law Changes-
Through December 31, 2017, each person had an...more
Many people sign a will and assume they never need to look at it again. As lawyers, we prepare wills that are flexible and deal with multiple possible (even if unlikely) scenarios, but sometimes an unanticipated change and an...more