My client is charitably inclined. How should I be advising her as we approach the year-end? My client wants to make a charitable bequest through his estate plan – what is the best way to accomplish this? This program will provide a practical overview of a range of charitable planning concepts including Annual Cash donations,…
This course will review the highlights, requirements, and framework to understand and address the Corporate Transparency Act (“CTA”), but it will go much deeper than just summarizing the new rules. This program will provide practical step-by-step strategies for communicating with clients about the CTA. The CTA becomes effective January 1, 2024. But you need to…
Identity theft, phishing, QR-phishing, voice mail/phone scamming, social engineering (calls and actions to convince employees to provide access credentials), extreme weather damage for physical files and servers, and a myriad other threats are growing exponentially. Everyone (clients and all professionals, not just IT consultants) need to be knowledgeable, aware and involved. This practical webinar will…
Practitioners are quite aware that in 2026 the Federal estate and gift, estate and GST tax exemptions will be reduced by half. Clients might also be aware but have likely not focused on the issue. Many who should address estate tax planning now may put it off, and ask: “Why should I engage in planning…
Do assets in an irrevocable grantor trust that are not included in the settlor’s gross estate qualify for an income tax basis step up on the death of the grantor? In 2002, Jonathan Blattmachr and Professor Mitchell Gans, along with Hugh Jacobson, authored an article analyzing this matter. This issue seems to stir up as…
The 49th Annual Notre Dame Tax & Estate Planning Institute will take place on September 20-22, 2023, in South Bend, Indiana. This presentation will provide a very small sampling of the many courses that will be presented at the Institute including: Dealing with grantor trust burn. What are options when the taxpayer tires of paying…
It is fairly common for a client to ask how an irrevocable trust might help a beneficiary to buy a house. There are many different options for how to handle this common transaction. The path of least resistance – to have the trust just make a distribution to the child so that the child could…
Speakers: Martin M. Shenkman, Esq. and Bill Boersma The Blount case held that life insurance proceeds on an insurance funded redemption buy sell were not included in the value of the business. The recent Connelly case said that Blount was wrong and insurance proceeds must be included in the business valuation but the obligation…
Losing a loved one is difficult, but those challenges can be made more challenging by the complex array of income tax reporting, estate tax reporting, state tax reporting, tax elections, financial decisions and more. What are the issues practitioners need to consider in order to help clients? What steps can practitioners in any discipline take…
There have been several recent important decisions out of the United States Tax Court, Levine Est. v. Comr., 158 T.C. No. 2 (February 28, 2022), a taxpayer victory in an intergenerational family split-dollar estate tax case, and Smaldino v. Comr., T.C. Memo. 2021-127 (November 10, 2021), a taxpayer loss in an indirect gift case. Most…