ARTICLES 

The CARES Act Relief

Relief is here! While COVID-19 has cast uncertainty across our financial world, the Coronavirus Aid, Relief, and Economic Security...

Changes to Independent Contractor Status

A recent California Supreme court decision, Dynamex operations W., Inc. v. Superior Court, 4 CAL 5th 903 913 (2018) redefined the...

Charitable IRA Donations

If you have Philanthropic desires, and would like to be financially rewarded at the same time, then donating your IRA assets to a charity...

A $5,000,000 Present from the Government

The government has put on our plates a once in a million, lifetime gift of a $5,000,000 tax break. Never before has this type of gift...

Corporate Trustees

One of the most important decisions in drafting a trust is who will act as trustee. The obvious choices are friends and family, but this...

Credit Shelter Trust

With the passage of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (Relief Act) , many planners...

Estate Planning Defined

There are four elements to estate tax planning available to you and only four: Gifts, Discounts, Charity, and Life Insurance. The...

Estate Tax Payment Period Extension

In a recently issued IRS Internal Legal Memorandum (ILM), the IRS indicated interest paid on estate taxes accrued during the extension ...

FDIC Rules on Trust Accounts

You have just created a revocable inter-vivos trust (traditionally referred to as a “living trust”). Your attorney has advised you to ...

Final Rules on Gift Reporting

Prior to August 5, 1997 gifts made could be revalued by the IRS years after the transaction took place imposing taxes and penalties....

Funding the Estate Tax

It happens when people don’t plan for the future; it happens when they don’t prepare for the high cost of dying. Unless proper ...

Generation Skipping Tax

Knowing the basic rules of the Generation-Skipping Transfer (GST) tax will help reduce or even eliminate the impact of this tax. The...

Gifting Prior to 2013

By now you are aware that come 2013 we may see an entirely new estate and gift tax landscape. If Congress fails to make changes to the ...