Estate and Elder Law

Recent Posts

McNees Wallace & Nurick LLC: Tax-Advantage Charitable Giving
Posted on 18 May 2012 by McNees Wallace & Nurick LLC

By David M. Watts, Jr. If you are charitably inclined, there are tax-advantaged ways to make a gift to a favorite charity while enjoying the income from that gift for your lifetime. Many educational and charitable organizations offer plans that combine... 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... Read More

Troutman Sanders LLP: The Administration’s FY 2013 Estate and Gift Tax Proposals
Posted on 28 Feb 2012 by Troutman Sanders

By Carol F. Burger , David F. Golden , Molly F. James and Michael D. Erickson Last week, the President released his proposed budget for the upcoming fiscal year. On the same day, the Treasury released its explanation of the President's budget,... Read More

Morrison & Foerster LLP: Making Gifts Using Defined Value Clauses: Not Necessarily Void as Against Public Policy
Posted on 21 Aug 2012 by Morrison and Foerster LLP

By Danielle T. Zaragoza, Esq ., Morrison & Foerster LLP Given the relatively large federal gift tax applicable exclusion amount available for taxable gifts in 2011 and 2012, many clients have made or are considering making significant gifts... Read More

Fulbright & Jaworski LLP: Tax Changes Effective as of January 1, 2012: Significant Implications For Estate Planning
Posted on 31 Jan 2012 by Norton Rose Fulbright

By Philip J. Michaels , Joseph C. Sleeth, Jr. , Stephanie E. Heilborn and Lindsay H. Brown Estate Tax The federal estate tax applicable exclusion amount increases from $5,000,000 to $5,120,000 per person for 2012. The... 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... Read More

Properly Reporting Gifts
Posted on 8 Jun 2012 by John Dedon

As 2013 approaches, there will be a flurry of activity by wealthy individuals seeking to take advantage of a gift tax exemption of $5,120,000, that will decrease to only $1 million in 2013. Taxpayers often gift closely held business interests or real... Read More

McNees Wallace & Nurick LLC: Tax-Advantage Charitable Giving
Posted on 18 May 2012 by McNees Wallace & Nurick LLC

By David M. Watts, Jr. If you are charitably inclined, there are tax-advantaged ways to make a gift to a favorite charity while enjoying the income from that gift for your lifetime. Many educational and charitable organizations offer plans that combine... Read More

Historic Estate & Gift Tax Savings Opportunities Almost Gone
Posted on 24 Jul 2012 by David R. Schoenhaar

By: David R. Schoenhaar, Esq.* We are half way through 2012 and the generous tax legislation that went into effect on January 1, 2011, is scheduled to sunset on December 31, 2012, if Congress fails to act. Those who can participate in significant... Read More

Modern Estate Planning
Posted on 14 Jan 2011 by LexisNexis Estate and Elder Law Community Staff

Modern Estate Planning is a comprehensive treatise covering estate, gift, income and generation-skipping transfer taxation. It guides the practitioner through the issues and challenges in advising a wide range of clients. The 5 volumes cover three distinct... Read More

Estate and Gift Tax Update
Posted on 3 Aug 2011 by Jeramie Fortenberry

After the relative calm following the enactment of the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (TRA 2010), we are beginning to see signs of turbulence in the estate tax arena. (Note: See my Guide to the New... Read More

Gift Tax Return
Posted on 5 Aug 2011 by John Dedon

2011 and 2012 presents an extraordinary opportunity for wealthy taxpayers to transfer wealth to future generations without paying gift or estate tax. At least for 2011 and likely for 2012, $5 million can be transferred free of tax. There are additional... Read More

Tags: gift taxes

The John Edwards Case - What About Gift Taxes?
Posted on 14 May 2012 by Gregory Herman-Giddens

Yesterday [May 8th] I blogged about North Carolina's controversial Amendment One, which ended up passing by a large margin. I also have some thoughts about another matter in the headlines - the John Edwards trial. I have not been following the case... Read More

Power to Substitute & End of Year Planning
Posted on 4 Oct 2012 by David R. Schoenhaar

By: David R. Schoenhaar, Esq.* If you are currently planning for clients to use the historically high gift tax exemption amount before the end of the year, you are becoming acutely aware that time is running out. Whether it is the appraisal companies... Read More

Properly Reporting Gifts
Posted on 8 Jun 2012 by John Dedon

As 2013 approaches, there will be a flurry of activity by wealthy individuals seeking to take advantage of a gift tax exemption of $5,120,000, that will decrease to only $1 million in 2013. Taxpayers often gift closely held business interests or real... Read More