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Will the IRS Challenge the Valuation of Your Gift of Art?

So you have there is this really cool painting that you gave away.  Do you want it to be worth a lot or a little? It depends on who you gave it to. Giving someone art rather than dollars can be complicated, especially when it comes to taxes and… Read More
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A Gift You Cannot Return in Ann Arbor

The Brooklyn Museum seemed to have garnered a bonanza in 1932 when it received a large bequest from the estate of Col. Michael Friedsam, president of the elegant retail emporium B. Altman. But eight decades later … the museum potentially faces a he… Read More
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A Gift You Cannot Return in Ann Arbor

The Brooklyn Museum seemed to have garnered a bonanza in 1932 when it received a large bequest from the estate of Col. Michael Friedsam, president of the elegant retail emporium B. Altman. But eight decades later … the museum potentially faces a he… Read More
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Should You Give Your Large Gifts Now or Later in Ann Arbor?

One advantage of this year’s large gift tax exclusion and low tax rate is that they match the estate tax parameters—you don’t have to die to take advantage of the bargain basement prices for passing on your wealth.     The estate… Read More
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