Estate and Elder Law

Recent Posts

Tax Act's Portability Feature Lets Surviving Spouse Use Predeceased Spouse's Estate Tax Exemption
Posted on 1 Jun 2011 by LexisNexis Estate and Elder Law Community Staff

The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act (the "2010 Act") enacted a "portability" feature; it lets a surviving spouse take advantage of any unused estate tax exemption of a predeceased spouse... Read More

Morrison & Foerster LLP: Allocation of GST Exemption to 2010 Gifts (Or Not!)
Posted on 8 May 2011 by Morrison and Foerster LLP

By Wendy M. Greenberg, Esq. of Morrison & Foerster LLP Thanks to the eleventh hour passing of the 2010 Tax Relief Act (the "Act") and the temporary opportunities provided by the Act, our firm's Trusts and Estates group, like many... Read More

Barnes & Thornburg: Indiana Tax Court: No “Per Se” Tax Exemption for Assisted Living Providers
Posted on 3 Apr 2012 by Barnes & Thornburg LLP

By Mike Grubbs In a case before the Indiana Tax Court published on February 16, 2012, an Indiana county hospital Foundation argued that it was entitled to a per se exemption from property tax solely because the assisted living facility that it leased... Read More

Morrison & Foerster LLP: Allocation of GST Exemption to 2010 Gifts (Or Not!)
Posted on 8 May 2011 by Morrison and Foerster LLP

By Wendy M. Greenberg, Esq. of Morrison & Foerster LLP Thanks to the eleventh hour passing of the 2010 Tax Relief Act (the "Act") and the temporary opportunities provided by the Act, our firm's Trusts and Estates group, like many others... Read More

Tax Act's Portability Feature Lets Surviving Spouse Use Predeceased Spouse's Estate Tax Exemption
Posted on 1 Jun 2011 by LexisNexis Estate and Elder Law Community Staff

The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act (the "2010 Act") enacted a "portability" feature; it lets a surviving spouse take advantage of any unused estate tax exemption of a predeceased spouse... Read More

A Funny Thing about Charities ... Some of Them Play Football
Posted on 18 Nov 2010 by Travis Burchart

Are College Football Bowls Entitled to IRC 501(c)(3) Tax Exempt Status? There's only a few weeks left in college football's regular season, and after that, the various bowls will invite teams to participate in post-season play. Several of the... Read More

Barnes & Thornburg: Indiana Tax Court: No “Per Se” Tax Exemption for Assisted Living Providers
Posted on 3 Apr 2012 by Barnes & Thornburg LLP

By Mike Grubbs In a case before the Indiana Tax Court published on February 16, 2012, an Indiana county hospital Foundation argued that it was entitled to a per se exemption from property tax solely because the assisted living facility that it leased... Read More

Spousal Portability and the Estate Tax After 2010
Posted on 12 Sep 2011 by Gregory Herman-Giddens

The Tax Relief Act of 2010 included a spousal portability provision for the $5 million estate tax exemption. If a married person dies after December 31, 2010 and does not use all of his or her exemption, the unused portion can be transferred to... Read More

Estate Tax Exclusion Amount for 2012 to Increase to $5,120,000
Posted on 20 Oct 2011 by Gregory Herman-Giddens

The IRS announced today that the amount exemption from estate taxes will increase next year. For an estate of any decedent dying during calendar year 2012, the basic exclusion from estate tax amount will be $5,120,000 , up from $5,000,000 in 2011... Read More

Pennsylvania Appellate Court Reverses Decision that Found City Board Immune from Taxation and that Deemed Property Held in Trust Exempt from Taxation (Apr. 4, 2011)
Posted on 3 May 2011 by LexisNexis Estate and Elder Law Community Staff

In City of Phila. v. Cumberland County Bd. of Assessment Appeals , 2011 Pa. Commw. LEXIS 155 (Pa. Commw. Ct. Apr. 4, 2011) [ enhanced version available to lexis.com subscribers / unenhanced version available from lexisONE Free Case Law ], appellee city... Read More

Charitable Contributions: Did Your Favorite Non-Profit Just Lose its Tax Exempt Status?
Posted on 13 Jun 2011 by Deirdre R. Wheatley-Liss

Non-profits are formed all the time to advance a purpose to better the world or support a cause. While the philanthropic goals are wonderful. the record-keeping behind them is often spotty or non-existent. The result of bad record keeping? The IRS has... Read More

Charitable Contributions: Did Your Favorite Non-Profit Just Lose its Tax Exempt Status?
Posted on 13 Jun 2011 by Deirdre R. Wheatley-Liss

Non-profits are formed all the time to advance a purpose to better the world or support a cause. While the philanthropic goals are wonderful. the record-keeping behind them is often spotty or non-existent. The result of bad record keeping? The IRS has... Read More