Robert Rubin, former secretary of the US Treasury and co-chairman of the Council on Foreign Relations, and Julian Robertson, chairman of Tiger Management LLC, published an article for the Wall Street Journal entitled: Bring Back the Estate Tax Now. Rubin...
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The Aspen Family Business Group has released its latest monthly newsletter. This issue provides guidance on how to properly navigate Buy Sell Agreements "documents the terms and conditions for a sale of business interests under given triggering events" like death...
The Franklin News Post of Rock Mountain, Virginia has published an article that addresses the estate tax debate and its effect on small businesses and family farms. The article suggests that the 55% rate scheduled to return at the beginning...
Continue reading "Farmers Waiting for Bill on Estate Tax Reform "
Mark Klimek published an article in the Wall Street Journal. Klimek discusses why it may be important to consider certain estate planning strategies even when the future needs are uncertain. Please click here to read the article. Posted...
Continue reading "Mark Klimek: Practice Management: Doing Nothing Not An Option For Estates"
McGuire Woods LLP and Fiduciary Education Center, LLC are hosting a conference regarding issues facing corporate fiduciaries. The conference will be held on Thursday, October 21, 2010 at the Mid-America Club in Chicago. The cost is $150 per attendee. More...
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The National Business Institute will be hosting the following 90-minute teleconference: Health Care Reform as it Affects Elder Law and Estate Planning For more information click here. Posted by Shahzeb Gaziani, Senior Associate Editor, Wealth Strategies Journal....
The Treasury has sent a letter responding to a constituent of Senate Majority Leader Harry Reid (D-NV). The constituent had written to Reid urging that the Treasury require the use of qualified appraisers for estate tax purposes. The Treasury responded that it will...
The IRS denied a request to extend the time to make an alternate valuation election. In the case, the estate requested the extension 18 months after the deadline and claimed the CPA hired to file the estate tax return neglected...
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The IRS ruled on a proposed trust severance and determined that the severance would not trigger gain or loss to the trusts or beneficiaries and the asset holding periods would tack from the old trust. See IRS Rules on Tax...
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The IRS wrote a memorandum concluding that the authority to apply the equitable recoupment doctrine granted to the Tax Court in 2006 does not apply to the gift tax. As such, estates may deduct gift taxes paid or payable even...
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Seth R. Kaplan, a partner in the trust and wealth transfer group of Bilzin Sumberg Baena Price & Axelrod, LLP, published an article on Forbes.com. The article discusses the potential impact that legislation may have on an estate planning tool known...
Continue reading "Seth R. Kaplan: "Estate Planning: The Great GRAT Debate""
The American Bar Association Section of Real Property has published its August 2010 Trust & Estate Law eReport. The eReport includes the following articles: Federal Estate Tax Update and Planning Considerations for 2010 by Sharon Klein State Death Taxes in...
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Republicans from the House Ways and Means Committee issued a press release that criticizes Democrats for looming tax hikes that stem from the expiration of the Bush Tax Cuts. The release is one of a series of releases that detail the effects...
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Congresswoman Linda T. Sanchez (D-CA), a member of the House Ways and Means Committee, introduced H.R. 5764, the Responsible Estate Tax Act. The bill seeks to reinstate both the estate and generation-skipping taxes. The bill adjusts the tax rates and...
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Glenn Curtis has published an article in Forbes.com addressing the importance of drafting a will. Curtis identifies specific benefits to drafting a will which include: the speedy administration of a decedent estate, ensuring certain loved ones are properly provided for, and...
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