James G. Blase

G. Blase

James G. Blase is the principal of Blase & Associates LLC, focusing on tax, estate and business succession planning. He is also an adjunct professor of estate planning at St. Louis University School of Law.

Treasury Department
Portions of Proposed 2704 Regulations Exceed IRS’ Authority: Part 2
The proposed Section 2704 regulations contain several more examples of overreaching on the part of the Treasury Department and IRS, including those discussed below.
The Future of Discount Planning
The open question will be determining the level of minority and lack of marketability discounts in the future.
Portions of Proposed 2704 Regulations Exceed IRS’ Authority
An argument could be made that the IRS exceeded it's authority in promulgating portions of the proposed IRC Section 2704 regulations.
Strategies to Prepare for Implementation of Proposed 2704 Regulations
One planning technique would be to transfer, either by gift or by sale (including sales to a trust that’s “defective” for income tax purposes), affected interests before the date the proposed regulations become final.
Major Components of New Section 2704 Proposed Regs
The new proposed IRC Section 2704 proposed regulations contain three sets of new rules.
retirement plan
Does a Stretch IRA Always Make Financial Sense?
When balanced against the income tax treatment of a nonqualified portfolio of investments, post-death distributions from qualified plans and IRAs will generally produce a significantly inferior result.
Missouri Makes Dramatic Change to Asset Protection Law for Married Couples
On July 10, 2015, Governor Jay Nixon of Missouri signed Senate Bill No. 164, which dramatically changes the Missouri qualified spousal trust requirements and, as a consequence, the entire asset protection landscape for Missouri married couples.
The Minimum Income Tax Trust 
James G. Blase offers a solution to alleviate some of the burdens of the income tax laws applied to estate planning
A MAT Sample Form 
There are many ways to draft a modified accumulation trust. Here's one: Separate Accounting for Retirement Arrangements Except as otherwise provided in
Consider the MAT 
Recent private letter rulings issued by the Internal Revenue Service1 have created concern among estate-planning attorneys regarding the best way to draft
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