Tick Tock
The clock is ticking on the expiration of the doubled (or “bonus”) gift/estate tax exemptions. Now is the time to begin your planning to moving wealth out of your estate.
Sooner vs. Later
Consider making your annual exclusion gifts in January. Here’s why.
I Need to Probate What?
Dealing with death of a loved one involves grief, loss and the legal process. This article provides a good overview of what to expect on the legal and financial side of things.
To File or Not to File (your 1041)?
As we approach the extended tax filing deadline, what are the options for reporting the income tax on grantor trusts?
A Complex Web
The estate tax rules are complicated when non-US citizens reside in the US or have US situs property.
Stepping Up Your Basis Planning
In the era of high estate tax exemptions, preserving basis and fully utilizing the adjustment at death are important elements of estate planning.