» Estate Tax

Estate Tax Implications of the Presidential Election

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… Read More
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What to Leave to Your Family

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… Read More
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Estate Planning after Retirement

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… Read More
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More Controversy for Michael Jackson's Estate

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… Read More
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Estates with Valuable Art Works Can Face Problems with IRS

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… Read More
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Whitney Houston Estate Fights IRS

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… Read More
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Same-Sex Partner Estate Tax Case

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… Read More
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Does Wealth Flee High Taxes?

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… Read More
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Using a Family Limited Partnership

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… Read More
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Happy Birthday to the Federal Estate Tax

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… Read More
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