By Julius H. Giarmarco, Esq.Under IRC Sections 2503(e) (concerning gift taxes) and 2611(b)(1) (concerning generation skipping transfer ("GST") taxes) (hereafter the "IRC exclusion provisions") all "qualified transfers" for tuition or medical expenses are excluded from both gift and GST taxes...
Estate Planning +Taxation: March 2009 Archives
By Martin M. ShenkmanSummary: Economic volatility can be a boon and bust for your estate plan, and in particular for the trust funded on your death (whether under your will or a revocable trust). So if you're not sure if...
Continue reading "The Practical Planner: Goldilocks Trusts Save the Day"
By Robert L. Moshman, Esq.You know that tax that we used to impose on estates? The one that we repealed in 2001 but which we kept imposing for nine years? The same tax that no one really believed would be...
Continue reading "The Estate Analyst: "H.R. 436 Retains Estate Tax""
By Robert L. Moshman, Esq. I'm gonna sit right down and write myself a letter. And make believe it came from you.I'm gonna write words oh so sweet They're gonna knock me off my feet A lotta kisses on the...
Continue reading "The Estate Analyst: "Nevada-nizing Asset Protection""