News & Analysis as of

Year-End Planning Year-End Tax Planning Gift-Tax Exemption

BCLP

To Do: Year-End Gifting – Check (or not)

BCLP on

With the end of the year approaching, we thought now would be a good time to re-post and update our annual blog entry on gifting. For 2021, the annual exclusion gift amount will remain the same as 2020’s at $15,000, but...more

Goodwin

Estate Planning Considerations For Year End 2020

Goodwin on

As the 2020 United States election and the end of the year approach, you may wish to consider making changes to your estate plan and/or making gifts to transfer assets to younger generations now. ...more

BCLP

To Do: Year-End Gifting. Check (or not)

BCLP on

With the end of the year approaching, we thought now would be a good time to re-post and update our annual blog entry on gifting. For 2019, the annual exclusion gift amount will remain the same as 2018’s at $15,000, but...more

Adler Pollock & Sheehan P.C.

Insight on Estate Planning - Yearend 2018

In This Issue: - Don’t be afraid of probate - Smart estate planning begins with protecting your assets - Thinking long term: Don’t overlook long-term care planning - ESTATE PLANNING PITFALL: You’re not making direct...more

Katten Muchin Rosenman LLP

2014 Year-End Estate Planning Advisory

In 2014, we continued to experience a period of relative stasis in our federal transfer tax system and have been able to plan without expecting imminent significant changes to the system. Under the American Taxpayer Relief...more

Partridge Snow & Hahn LLP

The 2010 Tax Relief Act and your estate plan

In early 2012, Kathi Ryan addressed the 2010 Tax Relief Act and your estate planning documents....more

Katten Muchin Rosenman LLP

2012 Year-End Estate Planning Advisory

Now that the election is over, we anticipate having some guidance soon with respect to the numerous tax and planning issues that have been mired in uncertainty for the past two years. Many tax benefits are scheduled to...more

Womble Bond Dickinson

Gift Planning Before The End Of 2012

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An unprecedented opportunity to make gifts and transfer wealth to family members is set to expire at the end of 2012. The 2010 Tax Act made substantial changes to the federal gift, estate, and generation-skipping transfer...more

Ervin Cohen & Jessup LLP

IRS Reaffirms It Will Challenge Formula Gifts

Ervin Cohen & Jessup LLP on

With December 31st approaching quickly and the large $5,120,000 gift tax exemption disappearing, many clients are scrambling to make year-end gifts. Our advice has been to make every effort to get appraisals by the end of...more

Shumaker, Loop & Kendrick, LLP

Once in A Lifetime Year-End 2012 Estate Tax Planning

On the day after the presidential election there will be 55 days left in the year! Clients hope that the presidential election will provide clarity concerning the future of transfer tax rates and exemptions. We...more

Epstein Becker & Green

2012 Year-End Estate Planning Alert

Epstein Becker & Green on

As the current federal estate/gift tax law is scheduled to expire on December 31, 2012, this is an opportune time to take advantage of the planning techniques available under current law and to avoid being subject to newly...more

Gerald Nowotny - Law Office of Gerald R....

The Dynasty Annuity — Multi-Generational Tax Deferral for High-Net-Worth Families

Originally published in Tax Management Estates, Gifts, and Trusts Journal, x, 11/08/2012. OVERVIEW - The current tax environment suffers from a lot of economic and political uncertainty. The general consensus...more

Buchalter

You “Built” It, So Don’t Lose It! Estate Tax Laws to Change Dramatically on December 31, 2012

Buchalter on

At the end of 2010, Congress passed, and President Obama signed into law, significant changes in the estate, gift and generation-skipping transfer (“GST”) tax regime. The 2010 tax legislation extended the so-called “Bush Tax...more

Snell & Wilmer

The Disappearing Estate and Gift Tax Exemption

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Originally published in the Orange County Business Journal, September 17-23, 2012. It is difficult to miss the headlines, cocktail talk and political debates regarding taxes in an election year. By this time, most...more

Pullman & Comley, LLC

Gifting Opportunities in 2012

Pullman & Comley, LLC on

There is still time in 2012 to take advantage of a unique gifting opportunity offered under the 2010 Tax Relief Act. The Act, which was signed into law on December 17, 2010, unified the federal estate, lifetime gift and...more

Jackson Walker

The Importance of 2012 Year-End Tax Planning for Individuals

Jackson Walker on

The end of 2012 may bring unexpected and adverse changes formany taxpayers due to the scheduled December 31, 2012, expiration of a number of tax cuts. Because most of these tax cuts have been in effect since 2001, many...more

Ballard Spahr LLP

Windows of Opportunity: Year-End Gift Planning Opportunities for 2012

Ballard Spahr LLP on

Although the end of the year is several months away, it is time to think about taking advantage of the generous tax savings that may be available for 2012 only. The 2010 Tax Act made significant changes to the estate,...more

Bradley Arant Boult Cummings LLP

2012: Opportunity to Take Advantage of $5.12 Million Gift Tax Exemption

In December 2010, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the “2010 Act”) extended the Bush tax cuts through December 31, 2012 and, among other things, increased the gift, estate,...more

Jackson Walker

Time is Running Out on Historic Estate Planning Opportunity

Jackson Walker on

THE OPPORTUNITY: On December 17, 2010, Congress and President Obama set the exemption from gift tax at $5 million (adjusted by cost-of-living factors; for 2012, the exemption amount is $5.12 million). This exemption had never...more

Poyner Spruill LLP

Take Advantage of Current Estate Planning Opportunities

Poyner Spruill LLP on

The last three years have witnessed substantial changes in federal estate and gift tax laws and more changes are undoubtedly coming. Such changes offer a number of opportunities for clients to achieve their estate planning...more

Jaburg Wilk

Estate Planning 2012 - What Changes Should Be Made to Your Estate Plan?

Jaburg Wilk on

With the uncertainty in the Estate Tax and Gift Tax Laws, coupled with an election cycle, many people are faced with the decision of what approach is best for both their estate plan and tax savings strategies in 2012. There...more

Pillsbury Winthrop Shaw Pittman LLP

Estate and Gift Tax Planning Opportunities Scheduled to “Sunset” on December 31, 2012

The estate and gift tax laws under the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, are scheduled to sunset on December 31, 2012. These laws provide opportunities to transfer assets to...more

Mintz

The Time Is Now: Gift Planning Opportunities Will Expire at Year End

Mintz on

As we enter the second half of 2012, it is important to consider certain time-sensitive estate and gift planning opportunities. The gift and GST tax exemptions were increased to $5,120,000 for 2012 – the highest exemptions in...more

Bracewell LLP

2012 Wealth Transfer Tax Laws: The Window of Opportunity is Rapidly Closing

Bracewell LLP on

The window of opportunity to take advantage of the currently applicable wealth transfer tax laws is rapidly closing, and once shut, it is possible that we may never see such generous estate planning opportunities again. ...more

Miller & Martin PLLC

Window Closing on $5.12M Gift Tax Exclusion and Other Important Tax Benefits

Miller & Martin PLLC on

The Tax Relief, Unemployment Insurance Reauthorization, and Jobs Creation Act of 2010 ( the “2010 Act”) ushered in some very significant estate and gift tax opportunities that include...more

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