News & Analysis as of September 24, 2024

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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 -

Planning for College Kids and Young Adults

Stoel Rives LLP on 7/12/2023

As young family members head off to school or leave home for a job, parents and other relatives may wonder how they can continue to support a child or assist with health care or other decisions. Many parents are surprised...more

Tax Benefits of Advance Planning

Patterson Belknap Webb & Tyler LLP on 3/16/2022

Estate planning strategies for founders are typically focused on saving both income taxes and estate taxes. Income tax savings can be achieved by creating and funding multiple trusts with company stock that duplicate any...more

Saving Estate Generation Tax Skipping With Upstream Gifts To The Older Generation

Moritt Hock & Hamroff LLP on 7/10/2020

Complex times are times to seek advice and consult your Estate Planner. Federal estate tax laws in place during the 1970s, 1980s and 1990s were very oppressive. These laws were modified to a great extent and now benefit...more

Joint Committee on Taxation’s “Blue Book” Presents Potential Opportunities for GST Non-Exempt Trusts

Genova Burns LLC on 2/25/2019

Late last year, the Joint Committee on Taxation published what is colloquially known as the “Blue Book” – the Committee’s explanation of recent changes in the tax law. While not considered as part of the law’s legislative...more

Insight on Estate Planning - August/September 2013: Making gifts still matters, even after ATRA

Adler Pollock & Sheehan P.C. on 8/8/2013

The American Taxpayer Relief Act of 2012 (ATRA) eliminated much of the uncertainty that plagued estate planning for years by making two key provisions “permanent”: the $5 million gift and estate tax exemption (adjusted...more

Estate Plans May No Longer Need Credit Shelter Trusts

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

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