Although the IRS is now on high alert for wealthy individuals, new and existing planning opportunities are available, such as tax-free gifts and other advantageous planning.
Wealthy individuals and families should take...more
10/19/2023
/ Charitable Lead Annuity Trust ,
Estate Planning ,
Estate Tax ,
Generation-Skipping Transfer ,
Gift-Tax Exemption ,
Grantor Retained Annuity Trusts (GRATs) ,
Grantor Trusts ,
Inflation Reduction Act (IRA) ,
Internal Revenue Code (IRC) ,
IRS ,
Promissory Notes ,
Qualified Small Business Stock ,
Renewable Energy ,
Spousal Lifetime Access Trust (SLAT) ,
Tax Incentives ,
Tax Planning ,
U.S. Treasury ,
Wealth Management
Advance planning in light of the proposed tax law changes included in the For the 99.5 Percent Act, STEP Act and the Biden Administration’s Green Book.
Proposed tax law changes introduced this year provide valuable insight...more
6/25/2021
/ Biden Administration ,
Charitable Donations ,
Estate Tax ,
Generation-Skipping Transfer ,
Gift Tax ,
Grantor Retained Annuity Trusts (GRATs) ,
Green Book ,
Internal Revenue Code (IRC) ,
Proposed Legislation ,
Tax Planning ,
Trusts
Taking advantage of present economic opportunities.
Now is the time to take advantage of opportunities to save on transfer taxes....more
There have been a number of significant estate planning developments in 2018 which will help clients prepare for 2019.
The historically high increased exemption amounts for gift, estate and generation-skipping transfer...more
12/21/2018
/ Beneficiaries ,
Charitable Deductions ,
Estate Planning ,
Estate Tax ,
Generation-Skipping Transfer ,
Gift Tax ,
Income Taxes ,
IRS ,
Pending Legislation ,
Proposed Rules ,
Tax Cuts and Jobs Act ,
Trusts
The Tax Cuts and Jobs Act, providing extraordinary estate planning opportunities, was signed into law by the President on December 22, 2017.
The new Act allows for a great opportunity to take advantage of increased...more
12/29/2017
/ 529 Plans ,
Alternative Minimum Tax ,
Charitable Donations ,
Estate Planning ,
Estate Tax ,
Generation-Skipping Transfer ,
Gift Tax ,
International Tax Issues ,
New Legislation ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Exemptions ,
Title II ,
Title V
If enacted, the Tax Cuts and Jobs Act could open up significant estate planning opportunities.
The House bill doubles the exemptions from estate, gift and generation-skipping transfer taxes, creating new opportunities for...more
11/29/2017
/ Charitable Donations ,
Estate Planning ,
Estate Tax ,
Estate-Tax Exemption ,
Generation-Skipping Transfer ,
Gift Tax ,
Gift-Tax Exemption ,
International Tax Issues ,
Pass-Through Entities ,
Popular ,
Tax Deductions
On New Year’s Day 2013, to avoid the so-called “fiscal cliff,” Congress passed the American Taxpayer Relief Act of 2012 (“2012 Act”). The 2012 Act raises taxes on some taxpayers while retaining most of the provisions enacted...more