Two Year Increase in Gift Tax Exclusion is Nearing Its End – The Window for Tax Savings Is Closing Quickly

By Genevieve M. Moore and Richard S. Kinyon , Morrison & Foerster LLP As reported in this space over the last several months, there has been unprecedented upheaval in the federal transfer tax world in the last few years. One element of this was the unexpected increase in the federal gift and...

Wills and Trusts: Different Standards for Capacity?

By Genevieve M. Moore , Morrison & Foerster LLP It is more and more common for individuals to use a revocable trust instead of a Will as their primary estate planning document, particularly in California where we practice. Although there is an up-front cost to establishing the trust and transferring...

Wills and Trusts: Different Standards for Capacity?

By Genevieve M. Moore , Morrison & Foerster LLP It is more and more common for individuals to use a revocable trust instead of a Will as their primary estate planning document, particularly in California where we practice. Although there is an up-front cost to establishing the trust and transferring...