News & Analysis as of September 24, 2024

Estate Tax

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Estate Planning is a process where individuals prepare or plan for the settlement of their personal affairs in the event of incapacitation or death. Estate plans typically include provisions relating to the disposition of assets, guardianship of minor children, and appointment of representatives to make medical and financial decisions. Effective estate planning can decrease tax liability and facilitate the probate process. less -

Thinking of Moving Abroad?

Adler Pollock & Sheehan P.C. on 4/27/2021

Consider the estate tax planning implications before relocating - Suppose you’re contemplating a bold move — literally: pulling up stakes and moving to a foreign country. There are many possible reasons for this drastic...more

Understanding Potential Pros and Cons of Using Dynasty Trusts

Smith Debnam Narron Drake Saintsing & Myers,... on 7/15/2019

Wealthy individuals and families have long used different types of trusts to pass on their assets at death. Properly-structured trust instruments can eliminate the need for probate court and the publicity that comes with it...more

IRS Raises Impetus to Make Gifts Now With Proposed Regulations Protecting Gifts From Double Tax

Snell & Wilmer on 12/13/2018

On November 23, 2018, the Internal Revenue Service (“IRS”) proposed new regulations that prevent individuals who make a gift of more than $5,000,000 before 2026 from being double taxed on those gifts if they die after 2026.1...more

Picking up stakes: Understand the tax and estate planning implications of moving abroad

Adler Pollock & Sheehan P.C. on 6/12/2018

There are many good reasons to move abroad, such as retirement or to begin a new career. But before finalizing plans, a thorough review of financial and estate plans is in order. This article answers key estate planning...more

Insight on Estate Planning - Year End 2017

Adler Pollock & Sheehan P.C. on 12/1/2017

In This Issue: - When should you turn down an inheritance? - Addressing intellectual property requires careful estate planning - Year end is an ideal time to review your estate plan - Estate planning pitfall: You’re...more

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