◙ Americans with Disabilities Act. The House of Representatives approved the ADA Amendments Act on 9/25/08 expanding protections against workplace discrimination under the Americans with Disabilities Act. The measure is expected to be signed into law by President Bush. It overturns Supreme Court decisions that narrowly construed the original ADA’s definition of the term…
Summary: Year end gift planning is always a big thing. What tax advantaged goodies can you tuck under the tree this year? Well, the economic meltdown, varying impact of the economy on different heirs, and the specter of tough tax legislation for the wealthy on the horizon, change year end gift giving (FYI next…
Summary: Hopefully we are entering a new chapter in American history. This chapter will undoubtedly be marked by change. The tax system will be changed. Tax changes will require a high wire balancing act: raise funds from those that can reasonably afford to pay them to address the deficit and perhaps expanding government programs,…
◙ New Age FLPs. FLPs in an environment with reduced or eliminated discounts and higher marginal taxes, will take on non-tax planning objective of the days of yore – shifting income to lower bracket family members. ◙ New Age GRATs. The grantor retained annuity trust (GRAT) game had been to put volatile asset…