One of the most overlooked aspect to estate planning is income tax planning for your beneficiaries, whether those include a surviving spouse, children, or grandchildren.
The proposed federal tax legislation reduces our gift/estate/generation skipping transfer tax exemptions from the present $11.7 million to approximately $6 million. Even if the legislation
In my last column I reviewed how the proposed tax legislation treats Intentionally Defective Grantor Trusts (IDGTs) as being owned by the grantor at his
My clients have asked me why the proposed federal tax legislation wants to eliminate grantor trust strategies, so I thought I’d address that in today’s
Florida has always had a “slayer statute” that denies a beneficiary who intentionally kills someone from benefiting from the victim’s estate. Consequently, if Johnny kills
In our efforts to keep you up to date, here’s a synopsis of President Biden’s tax proposal that arises from the House Ways and Means
Before I begin this week’s column, the new proposed tax legislation was introduced into the House Ways and Means Committee. I wrote a white-paper on
My father-in-law, Ronald, is a pack rat. He and my mother-in-law can’t park their cars in the garage of their condominium because of all his
We can accomplish so much these days simply by pushing a button. I just returned from a conference in Washington, DC, where I pushed many
Many parents loan money to their children. Some expect payback, others don’t. The loans might be for a down payment on a home, funds to
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