Senate Tax Bill - 500 Card Monty – Try to find the quarter!
Congress often boasts that they enact taxes reduction. What they mean is that they reduce tax rates. Taxes are calculated as (i)...
Senate Tax Bill - Estate Tax, Part II – The only thing that is certain is that certainty
In Part I of this blog, we reviewed the effect of the Senate-passed estate tax law changes, and how the new law would reduce estate tax...
Senate Tax Bill - Estate Tax, Part I – A Whole Lot o’ Nuttin’ (almost)
Although the Senate and House versions of the sweeping 2017 tax law changes need to be reconciled prior to sending the bill to the...
The Basics - Estate Planning
Basics, that is, of asset titling. There's a whole lot more to the estate planning process, of course, but it is crucial to always keep...
DSUE (di-sue-ee) Revisited (by the IRS)
The Internal Revenue Code provides each taxpayer's estate with an estate tax exemption of $5,490,000 (adjusted annually), and allows the...
You can, but only if they let you.
It is extremely important that a person's fiduciaries (executor, trustee, or attorney-in-fact under a power of attorney) have access to...
We Meet Again - Property Settlements and Estates
Property division agreements in divorce proceedings often include provisions relating to life insurance, which can be used, for example,...
Relief for Late Portability Election 17-34
Each taxpayer is allowed - for federal gift, estate, and Generation Skipping Tax purposes - an exemption of $5,490,000 (for 20017 - the...
Residence and Domicile
It is widely known that many states do not impose estate tax. Here in the Northeast, it is common to hear someone say that she is a...
GSTT Tax Returns
The Generation Skipping Transfer Tax was instituted in 1986. Events and Transfers subject to this tax occur in various situations. And...