The Impact of One Big Beautiful Bill on Estate Planning
Insights on Planned Giving From the BNY Annual Charitable Giving Report for 2024
Once Removed Episode 19: The Step-Transaction Doctrine and the Case of Smaldino
Once Removed Episode 18: The Reciprocal Trust Doctrine
Once Removed Episode 16: Gift and Estate Tax, Inflation Adjustments for 2024
Once Removed Episode 17: Annual Gifting to Individuals: Options, Opportunities and Pitfalls
Once Removed Episode 7: Trust Income Tax
Once Removed Episode 5: Trusts
Once Removed Episode 3: Estate and Gift Tax
Taking the Sting Out of Death Taxes with Dylan Metzner, Jones & Keller
Gift Tax Basics
NGE On Demand: GRAT Trusts with Eric Mann
To Give or Not to Give: Considerations for Year-End Gifting
ATTENTION ALL CADETS!
As the Millennial generation begins to enter middle age, there have been several recent articles that discuss the great wealth transfer that will be occurring in the next few years when the baby boomer generation passes their...more
Qualified Small Business Stock, or QSBS, remains one of the most valuable tax incentives available to founders, early employees and startup investors. Under Section 1202, eligible taxpayers may exclude a significant amount of...more
Many in the wine industry are part of a legacy, or hope to create one, where properties and business interests are ultimately passed down to the next generation and beyond. While many plan to pass these long-term assets along...more
It’s not just a crying baby keeping many new parents up at night—rising education costs have made planning for a child’s future a top concern. Section 529 accounts have long served as a powerful tax‑advantaged tool to help...more
A Florida appellate court has just reaffirmed a doctrine that every cross-border family with Florida ties should understand — and that their estate plan should proactively address....more
Qualifications matter. Just as you wouldn’t call an electrician to fix a plumbing problem, you shouldn’t create estate planning documents yourself. Doing so might subject your estate to costly litigation by disgruntled...more
Much has been written about IRC Section 1202. Section 1202 affords non-C corporation taxpayers who sell a corporation’s qualified small business stock (“QSBS” or “1202 Stock”) issued after July 4, 2025 (and who satisfied the...more
Ultra-high-net-worth individuals and families face a valuation environment that is far more complex than simply determining the worth of an asset. In the context of trust, gift, and estate tax planning, valuation becomes a...more
Wealth is built over years. Sometimes decades. But without the right legal structures in place, that wealth can be significantly diminished by the time it reaches your grandchildren — or it may not reach them at all. If you...more
Section 1202 of the Internal Revenue Code provides one of the most valuable tax benefits available to entrepreneurs and investors who own qualified small business stock (QSBS). Subject to certain limitations, Section 1202...more
With recent headlines around a Powerball winner in Delaware, many are thinking about what they would do in the event of a sudden windfall....more
A few days ago, Sen. Wyden, the Ranking Member on the Senate Finance Committee, introduced a bill to tax carried interests as ordinary income on a current basis. A day earlier, Sen. Van Hollen introduced a bill to reduce the...more
The freeze partnership technique (the “technique”) has been used for decades to transfer wealth to the next generation while reducing estate, gift, generation-skipping and income taxes. Despite being explicitly authorized...more
Family heirlooms, jewelry, artwork, and treasured household items often carry far more emotional value than financial worth. Because of this, when these items are not included in your estate plan, they easily become sources...more
There is a particular kind of anxiety that settles in when the financial news cycle becomes impossible to ignore. Markets swing. Policy proposals emerge that could reshape taxation overnight....more
As the son of a former business owner, I understand how crucial it is to plan for the future, whether that be passing down your business or preparing for a transition. As a business owner, the decision of how to transfer your...more
On July 4, 2025, President Trump signed the "One Big Beautiful Bill" Act (OBBBA) introducing major changes affecting high-net-worth individuals, family businesses and family offices. The bill impacted a variety of tax areas,...more
Understanding the intricacies of gift and estate tax is essential for individuals seeking to optimize their overall tax and financial planning. The requirements set forth in the tax code can significantly impact an...more
Welcome to the March 2026 edition of The Sports Law Playbook. In this issue, we explore key tax considerations and gift planning strategies for athletes looking to give back to the people and communities that have supported...more
It is estimated that $1.5 to $2 trillion is passed annually to younger generations. As the "Great Wealth Transfer" continues, family business owners face a distinct set of personal and sometimes conflicting wealth transfer...more
The federal gift and estate tax exclusions and the generation-skipping transfer (GST) tax exemption increased significantly under the One Big Beautiful Bill Act (OBBBA) passed in 2025....more
Following recent inflation adjustments, federal estate, gift, and generation-skipping transfer (GST) tax exemptions have soared to a record-high $15 million per person and $30 million per married couple....more
Gift and estate planning is rarely a one-time event. For families with significant or complex assets, it is an ongoing process that requires careful coordination between financial, legal, and tax advisors. At the center of...more
Leaving real estate to heirs through a will or a revocable trust has long been standard practice in estate planning. Many clients expect to pass along the home they have lived in for years only after they are gone. But recent...more
On July 3, 2025, Congress passed the One Big Beautiful Bill Act (“OBBBA”). This legislation was officially signed into law on July 4, 2025, and makes permanent a number of provisions first introduced in the 2017 Tax Cuts and...more