Estate planning clients seek gift-giving guidance in 2010
This has been an unusual year for estate planners. The lack of a federal estate tax, and the uncertainty about whether it will return, has encouraged some clients to transfer their wealth by making...
View ArticleEstate planning lawyers get tons of work from new tax law
The new tax law, which contains changes to estate, gift and income tax rules, should keep estate planning attorneys busy advising clients on retirement planning for at least the next two years. The...
View ArticleA gift to ‘y’all’ must be shared between husband and wife
When a wife’s father said that a $15,000 payment was for “y’all,” he made a joint gift to the couple, despite his later testimony that he intended only to help his daughter, a Virginia trial court has...
View ArticleGift tax payments must be included in decedent’s estate
Gift taxes paid by the donee trustees of a Qualifying Terminable Interest in Property (QTIP) trust should have been included in the transferor’s gross estate for purposes of calculating federal estate...
View ArticleEstate planning tools may vanish in 2013
WASHINGTON – For estate planning attorneys, the unstable nature of federal tax law has become the new normal. But the prospect of skyrocketing estate tax rates and the potential loss of key estate...
View ArticleNew landscape for estate planning attorneys
The new law that averted the “fiscal cliff” contains major changes for estate and gift tax rules that will affect not only the advice lawyers give to their clients, but the future landscape of estate...
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