This article was originally posted on Steve Leimberg’s Estate Planning Email Newsletter as Archive Message #1880. Portability has been trumpeted by some in the media as one of the most significant estate planning benefits of The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (“TRUIRJCA”), which was created in Sections 302(a)(1) and 303(a)….
WealthManagement.com an 06, 2017 Martin M. Shenkman, Andrew T. Wolfe, Alan A. Davidson The situation described in the preceding two articles in this 4-part series could significantly affect both estates and beneficiaries. Strict application of formula bequests (tied to federal and/or state estate tax exemption amounts) in a will or revocable trust that was drafted…
Karen Altfest, Dr. Stanley Teitelbaum, and Martin Shenkman will present a practical, non-technical, webinar for professionals to help advisers enhance their skills for working with clients who recently lost a spouse/partner. The average age for widowhood is in the 50s! Finding their footing can be an overwhelming process for these clients. As an adviser, you…
What is the deceased spouse unused exemption or DSUE? Should you rely on DSUE or instead fund a credit shelter trust. How important is basis step up that is lost by a credit shelter trust? What about asset location decisions to address basis? What is the average return of investors in the stock market? Why…
Funding Testamentary Trusts formed under a will after death. These might include a credit shelter trust, marital or QTIP trust, trusts for other heirs and more. Some use charitable lead trusts to reduce estate tax. Watch out for a pecuniary (fixed dollar) funding formula that could trigger income tax on funding with assets that have…
Reprinted from Estate Planning Review – The Journal November 20, 2018 A 35 page review of income tax, financial and estate planning and other practical ideas on a wide range of topics: business tax planning, 199A, life insurance, deductions, education and disability planning, retirement planning, practice management and estate planning. This special report is from…
Reprinted from Leimberg Information Services, Inc. Oct 22, 2018 The 44th Annual Notre Dame Tax and Estate Planning Institute was held on October 11th 12th at the Century Center in South Bend, Indiana. Members should click this link to review the meeting agenda: 44th Annual Notre Dame Tax and Estate Planning Institute. The Institute presented…
Reprinted from Leimberg Information Services, Inc. Oct 15, 2018 The 44th Annual Notre Dame Tax and Estate Planning Institute was held on October 11th 12th at the Century Center in South Bend, Indiana. Members should click this link to review the meeting agenda: 44th Annual Notre Dame Tax and Estate Planning Institute. The Institute presented…
Probate: With high estate tax exemptions probate planning is very different then before and should focus on minimizing capital gains.
Probate: Executors and personal administrators should inventory documents, assets, liabilities at the beginning or probate administration.