Newsletters

08.21.24

Avoiding Tax Pitfalls: Insights from the Connelly Case on Life Insurance-Backed Buy-Sell Agreements

In light of the recent Supreme Court case of Connelly v. Internal Revenue Service, owners of closely held businesses may need to reconsider their plan to buy out a deceased owner’s stake in a business with life insurance proceeds.


08.06.21

Proposed Tax Legislation Could Significantly Impact Your Estate Plan

Recent news stories have been published about two bills introduced in the Senate that, if enacted, could have a significant impact on many estate plans.


04.22.20

Estate and Gift Planning in the Age of COVID-19

With massive changes happening on a day-to-day and even hour-by-hour basis around the globe, no doubt uppermost in your mind are the health and safety of you and your loved ones.


03.11.20

Are Your Retirement Assets Secure? Better take a second look.

In the past, estate planners routinely advised clients to make their IRA or other retirement plan benefits payable to a designated beneficiary or to a see-through (conduit) trust, where the beneficiary or trust could withdraw benefits gradually by taking distributions over his or her life ...


02.12.18

Federal Transfer Tax Exemptions Increased … Temporarily

With the passage of the Tax Cuts and Jobs Act (Reconciliation Act of 2017) on December 19, 2017 (the Act), Congress provided increased, albeit temporary, relief to taxpayers who otherwise might be subject to federal transfer taxes (i.e., Estate, Gift and Generation-Skipping Transfer Taxes).


01.08.13

Ringing in the New Year with Revised Estate and Gift Tax Laws

Congress has averted the so-called fiscal cliff by passing the "American Taxpayer Relief Act of 2012" (the "Act") on January 1, 2013, which President Obama signed into law the following day. 


01.08.13

New Tax Act’s Impact on Planning for Charitable Donations

New Year's Day brought new tax legislation passed by Congress, called the American Taxpayer Relief Act of 2012 (the "Act"), which President Obama has signed into law. 


04.26.12

Family Limited Partnerships: Still a Useful Estate Planning Tool

In previous newsletters, we have discussed the benefits associated with family limited partnerships. (See Planning to Pass the Baton: Family Wealth Transfers, September 2011).


09.07.11

Planning to Pass the Baton: Family Wealth Transfers

If you have accumulated a substantial investment portfolio, or you own a successful business, there may come a time when you start planning to transfer ownership of the investments, or business, to younger generations of your family.


05.20.10

Tax-Exempt Employers May Be Eligible for Healthcare Insurance Tax Credit

For certain tax-exempt organizations, there is a new incentive for providing healthcare insurance coverage for their employees.