"The Estate Planner" – November/December 2014

Shumaker, Loop & Kendrick, LLP

In this issue:

- The Sec. 1031 Exchange - A Powerful Estate Planning Tool

- Worried About Challenges To Your Estate Plan? Make It No Contest!

- Don't Underestimate The Impact Of State Estate Taxes

- Estate Planning Red Flag - You Believe All Inherited IRAs Are Protected From Creditors In Bankruptcy

- Excerpt from The Sec. 1031 Exchange - A Powerful Estate Planning Tool:

Now that the combined gift and estate tax exemption amount has topped $5 million ($5.34 million in 2014), many people planning their estates have turned their attention to income taxes. If you own highly appreciated business or investment real estate, one of the most effective tax strategies at your disposal is the Section 1031 “like-kind” exchange. With careful planning, you can use a Sec. 1031 exchange to defer capital gains taxes on appreciated property indefinitely, and even eliminate them permanently.

Please see full Newsletter below for more information.

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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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Shumaker, Loop & Kendrick, LLP

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