Every estate includes tangible personal property: cash, clothes, jewelry, furnishings, vehicles, pets, artwork, gold, alcohol, boats, electronics, cars, wine, guns, etc. Challenges you may face are as varied as the assets involved. This practical webinar will discuss critical planning, drafting, and tax considerations of planning for tangibles. The emotional aspects of tangible property can lead…
Course Description: The Secure Act changed how many clients should plan for and name beneficiaries of retirement assets. This webinar will set the foundation of why tax free compounding over a long period of time is so critical to maximizing wealth and how those concepts apply to IRAs and retirement plans, how the Secure Act…
WealthManagement.com Aug 19, 2015 Martin M. Shenkman It’s common to include in a durable power of attorney (POA) the right for an agent (the person named to act on behalf of the principal who creates/grants the power) to make gifts. Gift clauses raise a myriad of issues and should never be considered “boilerplate” or standard….
WealthManagement.com Aug 16, 2016 Martin M. Shenkman On Aug. 4, the Treasury Department issued proposed regulations (the regulations) that restrict or eliminate valuation discounts for family-owned businesses under Internal Revenue Code Section 2704. The regulations will be the subject of a public hearing on Dec. 1, 2016 and will become effective 30 days after publication…
WealthManagement.com Aug 07, 2019 Martin M. Shenkman Merging or decanting an old trust into a new and improved trust has become so popular that some have pushed the edges seeking to expand the scope of what’s possible. Read his commentary here.
WealthManagement.com Sep 05, 2017 Martin M. Shenkman The Internal Revenue Service successfully pierced the trust created by a taxpayer to satisfy a tax lien on the basis that the trust was a mere nominee for the taxpayer and could be disregarded. In all planning, consider the risk that a court might disregard and pierce a…
WealthManagement.com Aug 29, 2016 Martin M. Shenkman The proposed Internal Revenue Code Section 2704 regulations (the “regs”) prevent taxpayers from considering a range of restrictions that could otherwise reduce the value of an interest in an entity for transfer tax purposes. These restrictions include those denominated “applicable restrictions” that had been in prior law. The…
Steve Leimberg’s Income Tax Planning Email Newsletter – Archive Message #175 Date: 18-Feb-19 From: Steve Leimberg’s Income Tax Planning Newsletter Subject: Alan Gassman & Martin Shenkman – When is Rental Real Estate a “Trade or Business” Under 199A The 2017 Tax Cuts and Jobs Act introduced the new, and sometimes problematic, Section 199A to the…
Steve Leimberg’s Income Tax Planning Email Newsletter Archive Message #175 Date:18-Feb-19 Subject: Alan Gassman & Martin Shenkman – When is Rental Real Estate a “Trade or Business” Under 199A? “The 2017 Tax Cuts and Jobs Act introduced the new, and sometimes problematic, Section 199A to the Internal Revenue Code. Section 199A was designed to provide…
Steve Leimberg’s Estate Planning Email Newsletter Archive Message #2651 Date:17-Jul-18 Subject: Lee Slavutin, Richard Harris & Martin Shenkman – Intergenerational Split Dollar – Recent Adverse Decisions in Morrissette and Cahill, Where Do We Go from Here? “Two recent Tax Court decisions affecting intergenerational split dollar (IGSD) arrangements have forced practitioners to rethink this strategy. In…