Personal/Family

Steve Leimberg’s Estate Planning Email Newsletter – Archive Message #2598 Date:    06-Nov-17 From:            Steve Leimberg’s Estate Planning Newsletter Subject:        Martin Shenkman’s Day 2 Notes from the 43rd Annual Notre Dame Tax                       and Estate Planning Institute     The 43rd Annual Notre Dame Tax and Estate Planning Institute was held on October 26th and 27th…

1. Discussion. In Powell, the Tax Court, in a reviewed decision, determined that the assets that had been transferred to a family limited partnership (“FLP”) were included in the decedent’s gross estate in a fact pattern reminiscent of prior bad fact FLP cases. a. $10M of cash and marketable securities that had been held in…

1. Discussion. a. Portability was supposed to simplify the estate tax system. Prior to portability, if one spouse died, to secure that deceased spouse’s exemption required affirmative planning in most cases. The deceased spouse’s will or revocable trust generally would have had to include a credit shelter trust to benefit the surviving spouse but avoid…

Date and Time: Wednesday, June 21, 2017 12 noon (ET). Speakers: Martin M. Shenkman, Esq., Jonathan G. Blattmachr, Esq., and Peter Fidler. Sponsor: Interactive Legal and Peak Trust Company. Course Description: Jonathan Blattmachr and Peter Fidler will co-present this discussion of how estate planners can use technology, sometimes in creative ways, to enhance their practice,…

Speakers: Martin M. Shenkman, Esq. and Alan S. Gassman, Esq. Date of webinar: Tuesday February 21, 2017, 1pm EST Course Description: Asset protection planning is appropriate for every client, not only the wealthy surgeon or wealthy business owner creating an asset protection trust (APT). With the declining relevance of estate tax planning, and the possible…

      Steve Leimberg’s Estate Planning Email Newsletter – Archive Message #2491   Date: 19-Dec-16 From: Steve Leimberg’s Estate Planning Newsletter Subject: Martin Shenkman and Jonathan Blattmachr: Not So Hard to Figure: The Critical Importance of Current Continuous Estate Planning           “The ‘politics’ of the estate tax have been unstable…

A recording of the Webinar can be found under the Resources tab of the website. The Power Point presentation for the webinar can be found at: https://shenkmanlaw.com/uploads/2016/12/Powerpoint-Estate-Tax-Repeal-Is-Not-a-Temporary-or-Permanent-Certainty-How-to-Plan-Now-Dec-12-2016.pdf A copy of the Power Point presentation with 3 slides per page can be found at: https://shenkmanlaw.com/uploads/2016/12/Estate-Tax-Repeal-is-not-a-Temporary-or-Permanent-Certainty-How-to-Plan-Now-3-slides-per-page.pdf   Presented by Jonathan Blattmachr, Esq. and Martin Shenkman, Esq. President-elect…

The 42nd Annual Notre Dame Tax & Estate Planning Institute was recently held in South Bend. Lots of great speakers and great planning ideas. Below are links to a selection of tips gleaned from each day of the conference:   https://shenkmanlaw.com/uploads/2016/12/Leimberg-Services-Notre-Dame-2016-Article-Part-One.pdf   https://shenkmanlaw.com/uploads/2016/12/Leimberg-Services-Notre-Dame-2016-Article-Part-Two.pdf

New Ruling   The IRS has just issued Revenue Procedure 2016-49 to provide assurance to taxpayers about an issue that many have pondered.   A Bit of Background: QTIP   Historically, a married couple avoided federal estate tax on the first death, and minimized federal estate tax overall, by using a common two pronged approach….