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Grantor Retained Annuity Trusts (GRATs)

Smith Gambrell Russell

Build Back Better Act’s Threats to Current Estate Planning Techniques

Smith Gambrell Russell on

On September 13, 2021, the House Ways and Means Committee Chairman announced the Committee’s plan to pay for the $3.5 trillion Build Back Better Act (the “Act”). The Act has measures to combat the climate crisis, create jobs,...more

Foley & Lardner LLP

Democrats Introduce Tax Proposals

Foley & Lardner LLP on

The House of Representatives Ways and Means Committee Chairman introduced new tax proposals on Monday that would raise more than $2 trillion in tax revenue as part of the Democrats’ effort to roll back the Trump...more

Pullman & Comley, LLC

Proposed Tax Law Changes Impacting Estate and Gift Taxes

Pullman & Comley, LLC on

As many people are aware, Congress is considering changes to the federal tax code to support President Biden’s Build Back Better spending plan.  As of this writing, on September 22, 2021, no bill has been enacted....more

Tucker Arensberg, P.C.

Estate Planning Alert - Legislative Proposals Could Significantly Impact Estate Planning Options

Tucker Arensberg, P.C. on

Last week, the House Ways and Means Committee released proposed legislation affecting numerous transfer and income tax provisions of the Code. These changes, if enacted, will have a significant impact on estate planning and...more

Proskauer Rose LLP

Personal Planning Strategies - September 2021

Proskauer Rose LLP on

You have probably heard that the House Ways and Means Committee released proposals for increasing gift and estate taxes in order support legislation being advanced by the Democratic majority in Congress. ...more

Proskauer Rose LLP

Let the Estate Tax Planning Games Begin - But Where Will They Land - the House Ways and Committee Has Spoken

Proskauer Rose LLP on

“President Biden and Democrats in the Congress have been working on a $3.5 trillion spending and tax package, and the details are starting to be revealed. Indeed, on Sunday, September 12th, the House Ways and Means Committee...more

Schwabe, Williamson & Wyatt PC

Three Estate Planning Proposals to Watch

House Democrats recently released additional legislative proposals that, if passed, would affect several commonly used estate planning techniques. Among those proposals are three that would significantly impact some of the...more

Manatt, Phelps & Phillips, LLP

Proposed Tax Legislation Could Significantly Impact Your Estate Plan

Recent news stories have been published about two bills introduced in the Senate that, if enacted, could have a significant impact on many estate plans. These bills include proposed changes that many estate planning...more

Polsinelli

Impact Of President Biden’s Tax Plan On Estate Planning

Polsinelli on

With Democratic control of the White House and Congress, there has been much speculation on what President Biden’s tax proposal will look like, as well as the likelihood that President Biden’s tax plan will be enacted into...more

Proskauer Rose LLP

Wealth Management Update - July 2021

Proskauer Rose LLP on

July 2021 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts AFRs - The July applicable federal rate ("AFR") for use with a sale to a defective grantor...more

Pillsbury Winthrop Shaw Pittman LLP

Potential Tax Law Overhauls in 2021: Summary and Planning Recommendations

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

Proskauer Rose LLP

Wealth Management Update - June 2021

Proskauer Rose LLP on

June 2021 Interest Rates for Sales to Defective Grantor Trusts, Intra-Family Loans, Split-Interest Charitable Trusts and GRATs - The June applicable federal rate ("AFR") for use with a sale to a defective grantor trust,...more

Goulston & Storrs PC

Wealth Planning and the New Administration: Potential Individual Income & Transfer Tax Changes

Goulston & Storrs PC on

On April 28, 2021, in an address to a Joint Session of Congress and a Fact Sheet published by the White House, President Biden introduced the “American Families Plan,” the President’s plan for spending and a series of tax...more

Greenbaum, Rowe, Smith & Davis LLP

Proposed “For The 99.5% Act” Could Bring Significant Changes To Existing Federal Estate, Gift And Trust Tax Rules

The recent introduction of Senator Bernie Sanders’s proposed tax reform bill, the “For the 99.5% Act,” brings the possibility of unprecedented changes to the tax and estate planning landscape by reducing existing federal...more

Thompson Coburn LLP

With the government’s attention turning to taxes, your estate plan may need your attention

Thompson Coburn LLP on

Now that the COVID-19 relief bill has been signed, the President and Congress have turned their attention to tax changes. President Biden has announced his “Made in America Tax Plan” and bills have been filed by Senators...more

Murtha Cullina

Should I Consider Making Lifetime Gifts?

Murtha Cullina on

One of the main purposes of estate planning is to determine who receives your property when you die, and when and how they can access that inheritance. For many families, the answer involves a written plan for the benefit of...more

Ulmer & Berne LLP

[Webinar] 2021 Estate Tax Planning Update - May 12th, 2:00 pm - 3:00 pm EDT

Ulmer & Berne LLP on

Join Ulmer Trusts and Estates attorneys, Erica N. Carducci, Stephanie M. Glavinos, John R. Harrison, and Linda DelaCourt Summers, as they discuss leveraging spousal lifetime access trusts (SLATs), the advantages of creating...more

Greenberg Glusker LLP

U.S. Senate Introduces Legislation for Higher Taxes on Wealth

Greenberg Glusker LLP on

On March 25, 2021, Senator Bernie Sanders introduced the For the 99.5 Percent Act (the “99.5 Percent Act”) which proposes to modify the estate, gift and generation-skipping transfer tax. Proposed Estate and Gift Tax Rates...more

Bilzin Sumberg

For The 99.5% Act – Is Change a Coming for the Estate Planning World?

Bilzin Sumberg on

On March 25, 2021, Senator Bernie Sanders introduced legislation called “For the 99.5% Act.” This bill is aimed at the fortunes of the top 0.5% of wealthy Americans. ...more

Neal, Gerber & Eisenberg LLP

NGE On Demand: GRAT Trusts with Eric Mann

NGE Private Wealth Services partner Eric Mann discusses why estate planning clients might use a grantor retained annuity trust (GRAT) to minimize taxes on large financial gifts to family members. If you have any questions,...more

Chambliss, Bahner & Stophel, P.C.

Not Another Estate Planning Article on the Pending Reduction of the Lifetime Exemption

If you aren’t keeping up with the IRS’ release of federal interest rates, they recently announced the applicable federal rates (AFR) for March 2021. March’s AFR for mid-term notes is 0.62%. For reference, just a year ago, as...more

Stroock & Stroock & Lavan LLP

Change in Control of Congress May Signal Seismic Shift in Future Estate Planning Opportunities

Affluent individuals who have not already fully used their exemptions may wish to proceed sooner than later after considering potential risks of retroactive application of any tax change - Possible Rollback of Federal...more

Holland & Hart - Fiduciary Law Blog

Continuing Urgency Related to Gift and Estate Tax Planning

Many advisors experienced a flood of gift and estate tax planning during the last quarter of 2020. Smart wealthy clients made gifts before the end of the year in order to lock in the substantial exemption amounts available...more

Proskauer Rose LLP

Wealth Management Update - February 2021

Proskauer Rose LLP on

February 2020 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split-Interest Charitable Trusts - The February Section 7520 rate for use with estate planning techniques such as CRTs,...more

Vandeventer Black LLP

Estate Planning under the Biden Administration: What should you do for 2021?

Vandeventer Black LLP on

With a new Administration in town there are rumors everywhere about the “new Estate Taxes” and the “Loss of our Tax Exemptions”. What should you expect? What should you do to plan and prepare for possible changes?...more

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Updated: Apr 27, 2021:

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Sausalito, California 94965

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Privacy Officer
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Sausalito, California 94965

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