■ Surrogate Costs Not Deductible. It is not only the estate tax that presents tax challenges to GLBT couples. There are many income tax challenges as well. For example, a recent case held that the costs of hiring a surrogate to bear a child are not a deductible as a medical expense. Magdalin v. Commr.,…
■ Copy Cat Danger: Photocopy machine lease expiring? How can you be sure that electronic images of the confidential papers recently copied are erased from the copier drives? Have the copier lease company confirm their policies for handling the drives in writing and have your IT consultant confirm that is adequate. Better approach – buy…
Summary: What’s better than a Slap Chop (sorry Vince)? Could it be a private annuity? While your wealth manager that told you never to buy an annuity (that’s another topic for someone else’s newsletter) she wasn’t talking about this estate planning technique. Finally, if you expect the estate tax to roar back with a vengeance…
Summary: Planning if you’re Gay, Lesbian, bi-sexual and transgender have many special planning considerations, only the most obvious being the lack of a marital deduction for federal gift and estate tax purposes. Consider the following: √Act Now. Doing nothing, which is the un-plan most folks opt for really just won’t do. Without your taking…