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ARTICLES 

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 ...

History of Estate and Gift Tax

“No taxation without representation” was often heard during the Revolutionary times. We, as Americans, have had a long history of ...

How to Plan for your Digital Assets

In the past digital assets have not been considered in the estate planning process. However, with technological advances occurring ...

Joint Tenancy

A recent decision of the tax court has held that the use of joint tenancy among married couples holding their community property in ...

Keeping Down the Tax Hit

Protecting the assets of an estate from high taxes is just one aspect of a well designed financial plan, but it may be the most...

Minors Named as Beneficiaries

Oftentimes it is desirable to name the child as a direct beneficiary of the life insurance policy on the life of the parent. This may be...

New Law for Capital Gains

Thanks to a 1997 law that finally goes into effect January 1, 2001, taxpayers will see a reduction in the capital gains rate for...

New Privacy Regulations

Over the last year or so, you have probably encountered numerous versions of “waivers” or “disclosures”, not only in your doctors’ or ...

Non-Tax Estate Planning Considerations

One of the most important aspects to consider when designing one’s trust is the role of a trustee and successor trustee. This often ...

Planning Errors to Avoid

We cannot avoid getting older, but we can avoid making mistakes with regards to our retirement planning. For many of us, our retirement...

Planning for Blended Families

Today there are over 20,000,000 blended families in the United States. It is not uncommon to bring together not only children of a ...

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