Estate and Elder Law

Recent Posts

State Net Capitol Journal: CA State Park Donors Cry Foul
Posted on 6 Aug 2012 by State Net

Last month California officials revealed that the state Department of Parks and Recreation had stashed away $54 million it had not reported to the state Department of Finance. The news came as quite a surprise, especially to the groups that had generously... Read More

Gifts in Difficult Financial Times
Posted on 5 Oct 2011 by Adam J. Gottlieb

By Adam J. Gottlieb If a person has any desire to make any gifts at all, now may be the best time to make those gifts. I wrote a blog entry here more than a year ago which described certain gifting techniques and the reasoning therefor. I now revisit... Read More

Tags: Gottlieb , Gifts

Discounted Gifts
Posted on 30 Jul 2010 by Hon. C. Raymond Radigan

One may transfer traded securities to a partnership and then gift partnership interests and pay less gift tax then if the securities were gifted outright due to allowable discounts for lack of marketability and minority interests in the partnership... Read More

New York Court of Appeals Revisits the Law of Gifting of Art or Other Objects
Posted on 23 Apr 2012 by Peter K. Kelly

How does one gift an 1,100 pound sculpture? The New York Court of Appeals recently revisited the law of gifts in the context of determining the validity of such a gift by the deceased sculptor's widow. Mirvish v. Mott , 18 N.Y.3d 510, 2012 N.Y. LEXIS... Read More

New York Court of Appeals Revisits the Law of Gifting of Art or Other Objects
Posted on 23 Apr 2012 by Peter K. Kelly

How does one gift an 1,100 pound sculpture? The New York Court of Appeals recently revisited the law of gifts in the context of determining the validity of such a gift by the deceased sculptor's widow. Mirvish v. Mott , 18 N.Y.3d 510, 2012 N.Y... Read More

Morrison & Foerster LLP: Gift Tax Planning Opportunities: The Window Is Closing
Posted on 24 Apr 2012 by Morrison and Foerster LLP

By Genevieve M. Moore & 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... Read More

Gifting in 2012
Posted on 2 Jan 2012 by David R. Schoenhaar

By: David R. Schoenhaar, Esq.* 2011 is coming to a close and the generous tax laws that went into effect on January 1, 2011 reunifying the estate, gift and GST exemption amounts to $5,000,000 are creating renewed interests in lifetime gifting... Read More

Tags: Gifts , Schoenhaar

Morrison & Foerster LLP: Gifts and Bequests to Employees
Posted on 24 Oct 2011 by Morrison and Foerster LLP

By Wendy M. Greenberg, Esq. , Morrison & Foerster LLP It is not at all uncommon for our clients to make provisions for long-time employees in their wills or trusts. Most of the time, we don't think twice about these bequests, because we know... Read More

Federal Government Access to Real Estate Transfer Information
Posted on 4 Jan 2012 by Adam J. Gottlieb

By Adam J. Gottlieb There are many positives of the information and technological advances that private citizens have enjoyed over the past several decades. For example, we can now access information at break-neck speed on our handheld phones. We can... Read More

Williams Mullen: Wealth Transfer Planning in 2012: Perfect Storm of Opportunity
Posted on 24 Apr 2012 by Williams Mullen

BY: FARHAD AGHDAMI 2012 may present the single greatest opportunity for wealth transfer planning in recent memory. A $5.12 million gift tax exemption, combined with low interest rates and historically low valuations for many asset classes, creates an... Read More

Estate and Gift Tax Alert
Posted on 25 Jan 2011 by Frankfurt Kurnit Klein & Selz

The Tax Relief Act of 2010 was overwhelmingly passed by Congress and signed into law by President Obama on December 17, 2010. The new law provides numerous tax benefits for businesses and individuals for the next two years, including: Continuing... Read More

Ballard Spahr LLP: Windows of Opportunity: Year-End Gift Planning Opportunities for 2012
Posted on 14 Nov 2012 by Ballard Spahr LLP

By the Family Wealth Management Group Although the end of the year is several months away, it is time to think about taking advantage of the generous tax savings that may be available for 2012 only. The 2010 Tax Act made significant changes to... Read More

QPRTS and PRTS: Planning Strategies for Transferring Family Homes
Posted on 13 Aug 2010 by Nancy G. Henderson

As an alternative to gifting direct interests in a family home to children, a donor can establish an inter vivos trust for the benefit of children or other family members and make gifts of interests in the property to such a trust during life. There are... Read More

Outright Gifting of Property Interests
Posted on 9 Aug 2010 by Nancy G. Henderson

From the donor's perspective, the simplest alternative for transferring a family home to children and grandchildren is to make outright gifts of real property interests. In this Analysis, Nancy G. Henderson discusses gifting with the annual exclusion... Read More

Using Gifts in Estate Planning
Posted on 9 Oct 2009 by Mark Jordan

Mark Jordan, Managing Partner at The Drew Law Firm, has launched a series of articles providing helpful information on estate planning through a question and answer format. Part I of the series follows. Q: Why are gifts useful in estate planning... Read More

Tags: Gifts