In all of the controversies surrounding this year’s presidential election the estate tax is receiving little attention even though some people believe the result could have major implications for the future of the tax. The race for the White House…
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Throughout your life, you have most likely accumulated many different types of assets. When planning your estate, it is useful to know which of those assets you should leave to your family members. Estate planning is not just about deciding how much…
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Categories: Aging Issues, Blended Families, Books, Charitable Giving, Current Affairs, Estate Planning, Family Business, Probate, Small Business, Succession, Taxes, Trust Funding, Weblogs, Will
Every stage of life presents its own estate planning issues and areas of concern. Retirement is no different. Most estate planning attorneys advise people to review their estate plans every couple of years to make sure the plans are still effective a…
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Categories: Aging Issues, Current Affairs, Elder Law, Estate Planning, Long Term Care, Medicaid, Power of Attorney, Succession, Taxes, Trust Funding, Weblogs, Will
Michael Jackson's estate has enough legal problems and certainly did not need any more controversy, especially the latest publicity nightmare to hit the news. The estate of Michael Jackson is currently embroiled in a fierce battle with the IRS o…
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Categories: Aging Issues, Blended Families, Current Affairs, Elder Law, Estate Planning, Family Business, Succession, Taxes, Television, Trust Funding, Weblogs, Will
Artwork valued over $50,000 can create an unexpected estate tax bill. Because appraisals on expensive artwork can vary estates can face some difficult issues with the IRS as Barron's discusses in "How Art Can Blow Apart Your Estate," c…
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Categories: Aging Issues, Blended Families, Charitable Giving, Current Affairs, Elder Law, Estate Planning, Probate, Succession, Taxes, Trust Funding, Weblogs, Will
Whitney Houston passed away over four years ago, but her estate is still in an ongoing dispute with the Internal Revenue Service over the value of the estate and how much tax is owed. Both the estates of Whitney Houston and her daughter Bobbi Kristin…
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A recent ruling by a New Jersey tax court illustrates that the legality of same-sex marriage does not solve all estate difficulties for same-sex couples who were not able to get married previously. In 2004 New Jersey passed a domestic partnership law…
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Many state legislators share the common concern that if they increase taxes on their wealthiest residents, those residents will move to lower tax jurisdictions. However, data suggests that there is little basis for that concern. No one likes paying t…
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A family limited partnership can be used to lower your tax burden and transfer wealth to future generations of your family. One reason people seek the advice of estate planning attorneys is to lower their potential estate tax burdens in a way that do…
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The always controversial estate tax is now 100 years old. The debate over it has not changed much in those 100 years. In 1916, as the U.S. began to increase its military capacity in case the country got dragged into World War I, the federal governmen…
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