Working remotely has challenges and as we have all spent more than a month doing so what tips can make you more efficient and productive now? This webinar will give you practical and actionable tips you can take starting today to work better remotely. Even if your firm is moving towards in-office work the ideas…
How to work remotely – lots of practical tips from estate planners (with different views and approaches) and a tech expert to help you now. How to build an electronic filing system you can rely upon; paper reduction (not elimination); hardware, software and protocols necessary for less paper and an electronic filing system; methods for…
Every practitioner is familiar with the common or “core” estate planning documents: powers of attorney, living will, health care proxy, will and revocable trust. But how might Covid-19 uniquely impact provisions in, and planning for, these ubiquitous and essential documents? What provisions in a living will should be modified in ways perhaps not addressed in…
Trusts & Estate’s Magazine October 2018 Louis S. Harrison, Kim Kamin & Martin M. Shenkman The 2017 Tax Cuts and Jobs Act (the Act) dramatically changed trust planning. But many of those provisions sunset, and it’s possible that a new administration may yet again change the rules. It’s obvious to estate planners that trusts…
What is it? How does it work? How did it arise from the 2008 global financial crisis? How is it analogous to gold? The key to acceptance is attaching a value to it as a medium of exchange. As Bitcoin exploded some were using it for nefarious purposes. Some assumed it was untraceable but Bitcoin…
In 2014 IRS provided guidance in Notice 2014-21 saying Bitcoin was property, not currency. As property if you hold for holding period, it is a capital asset and you have a capital gain or loss. If you mine it, it is ordinary income. It left lots of unanswered questions. If it was property, could you…
In 2016 the IRS issued a John Doe Summons to a company Coin Base (John Doe Summons is when the IRS knew there were many people doing business with Bitcoin that were non-compliant) so they believe that there was a descrete group of non-compliant taxpayers they wanted to identify. The IRS searched and IRS electronic…
Finally in October 2019, the IRS issued Rev. Rul 2019-24 dealing with hard forks and air drops. A hard fork is when there is a protocol change to crypto currency analogues to a stock split. There is not a new ledger of bitcoin cash which resulted when Bitcoin split between the original Bitcoin and a…
Originally posted on Forbes.com Introduction and Action Steps The Setting Every Community Up for Retirement Enhancement Act of 2019, called the “SECURE Act” makes significant changes to how IRAs and certain retirement benefits must be treated post-death. Rules Committee Print 116–44 Text of the House Amendment to the Senate Amendment To H.R. 1865, December…
Reprinted from Steve Leimberg’s Estate Planning Email Newsletter January 2019 Over the course of many years, LISI has been delighted to provide members with Marty Shenkman’s notes from the proceedings at the Heckerling Institute on Estate Planning. Heckerling, as it is affectionately known, is the nation’s leading conference for estate planners, attorneys, trust officers, accountants,…