Jamie M. Delman

While the buzz among the rich and old may be that this is a good year to die (because there is no estate tax), eternal tax freedom in the hereafter may prove elusive for 2010 decedents.  Under current law, it... Read More

In PLR 201013033, the IRS ruled that when Decedent's IRA is transferred from the estate to a trust and then from the trust to a charity, no 691(a)(2) transfer has occurred.  Posted by Jamie Delman, Associate Editor, Wealth Strategies Journal... Read More

In PLR 201013027, the IRS ruled that when new trusts are created from GSTT exempt trusts and distributions are made from those new trusts to beneficiaries, those distributions are still GSTT free.  The Service cites 26.2601-1(b)(4)(i)(A) for the p... Read More

Americans for a Fair Estate Tax (AFET) has published a Statment of Principles for Estate Tax Legislation.  The statement argues that estate tax revenue serves vital purposes and that the tax should be permanently reinstated at no less 45% for... Read More

In PLR 201013030, the IRS ruled that a proposed division and subsequent merger of a trust will not be taxable under section 1001, will not be subject to the gift tax, and will not affect the trust's GST exemption.  Posted... Read More

On its face, Medicaid doesn't seem to have a whole lot do with estate planning or wealth management.  It is, after all, a needs-based (or means-tested) government benefit program.  And even after Obama-care's Medicaid eligibility expansion ta... Read More

According to the California Supreme Court in Steinhart v. County of Los Angeles, 223 P.3d 57 (Calif. 2010), a home changed ownership, for tax purposes, when settlor of revocable intervivos trust that contained the home died. This is true... Read More

You've probably been hearing the old adage ever since you first met with a financial planner to discuss your retirement: there's more than one way to tax a retiree.  Indeed, under the sometimes ludicrously complicated retirement savings provisions... Read More

In this year without estate tax, much of the commentary celebrating the tax's absence has also come with a stiff warning: some 2010 decedents would have been better off, from a tax perspective, had they died in 2009.  And... Read More