Is there such a thing as bulletproof asset protection against federal claims? Many estate planners say and advise their clients to use or rely on certain techniques and tools like state exemptions, tenancy-by-the-entirety property rights, limited...
Some attorneys are working feverishly to get clients’ assets into a specialized trust before proposed federal legislation eliminates the provisions that have made it so popular as a means of significantly reducing taxes.
In May 1976, radio broadcaster Paul Harvey began a series of five-minute vignettes entitled The Rest of the Story. It was so popular that it continued until his death in 2009 a span of 33 years! He would recite what everyone and then (after a...
Estate planning in the context of second marriages is increasingly common and necessary in the evolving world in which we practice. Estate-planning techniques that are effective for spouses in first marriages may be unsuited when applied to...
In the ongoing family limited partnership (FLP) battle between taxpayers and the Internal Revenue Service, taxpayers have been able to achieve some significant victories over the past two years in the Tax Court, particularly in the face of IRS...
Legislators in Congress are reportedly considering creating a kind of Roth IRA version of the estate tax. On The Money, a blog of the congressional newspaper The Hill, this week said lawmakers are considering whether to let taxpayers have the...
Providers of income securities for retirees and those close to retiring may have their work cut out for them, according to new findings by Cogent Research.
When IRA custodians get nervous, they often need a private letter ruling to calm them down and tell them that what they're doing or planning to do is just fine. And that's what's happened over the past eight years in the context of whether to...
