Tax Law

Recent Posts

The USC Gould School of Law Tax Institute - January 27-29
Posted on 13 Jan 2014 by USC Gould School of Law

The USC Gould School of Law Tax Institute January 27-29, 2014 Millennium Biltmore Hotel Los Angeles Over 60 speakers and 500 attendees will converge in January 2014 to address cutting-edge tax issues affecting corporations, privately held companies... Read More

Doing the Math: Interest Rate Trends and Common Estate Planning Techniques, from Morrison & Foerster LLP
Posted on 5 Jun 2012 by Morrison and Foerster LLP

By Wendy M. Greenberg, Esq. , Morrison & Foerster LLP The interest rate used to determine actuarial valuations of certain retained or remainder interests for purposes of federal gift and estate tax, commonly referred to as the "7520 rate"... Read More

Wills and Trusts: Different Standards for Capacity?
Posted on 6 Jul 2012 by Morrison and Foerster LLP

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... Read More

What the Immediate Future Looks Like for the Estate Tax
Posted on 2 Jun 2009 by Patricia Tyler

For all those expecting or maybe just hoping to see a break in the estate tax in 2010, the likelihood of a zero estate tax is lessening every day. All evidence points to an extension of the estate tax at 2009 levels. President Obama’s FY2010 budget... Read More

A Dog's Life: The Helmsley Bequest (The Rest of the Story)
Posted on 18 Mar 2009 by Suzanne Solomon

Hold the gold plated Milk-bones : The trustees of The Leona M. and Harry B. Helmsley Charitable Trust have prevailed in their bid to block Leona Helmsley’s billion dollar bequest to dogs . At issue was Mrs. Helmsley’s 2004 mission statement... Read More

A Too Often Overlooked No Cost Estate Planning Step
Posted on 18 Jun 2009 by Richard A. Jamison

While pondering what esoteric and elegant bit of estate planning would make a useful tip, I was haunted by the thought, “Perhaps I am getting ahead of myself.” Discussion of an oft overlooked elementary estate planning component could be more... Read More

Death Watch on the Death Tax
Posted on 30 Nov 2009 by Christopher Bergin

Over the Thanksgiving holiday, I got into a discussion – a friendly discussion – with my brother-in-law about what he calls the death tax. He’s a forensic accountant, and he opposes what I call the estate tax because it taxes money that... Read More

Don't Die Yet, Grandpa!
Posted on 31 Dec 2009 by Christopher Bergin

According to a story in today's (December 30, 2009) Wall Street Journal , people are making life and death decisions based on the irresponsibility of Congress in allowing the estate tax, and the generation-skipping transfer tax, to expire for one... Read More

How Old Was the Estate Tax When It Died?
Posted on 8 Jan 2010 by Joseph J. Thorndike

Over at the Huffington Post, Chris Kelly did a nice little send-up of the estate tax debacle. Taking his cue from the untimely death of baby-oil heiress Casey Johnson, Kelly points out that Johnson's fiance, Tila Tequila, will at least be spared a... Read More

Using Gifts in Estate Planning
Posted on 28 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? A: Gifts... Read More

Estate Planning Idea: Would a GRAT Work for You?
Posted on 3 Jun 2009 by Richard A. Jamison

My wife and I run a small business. This may sound like a foolish thing to do but several years ago, we chose to do it. So now we work more hours each week than we did when we were with a major wirehouse, but we do it for us. We were prepared for this... Read More

Wills and Trusts: Different Standards for Capacity?
Posted on 6 Jul 2012 by Morrison and Foerster LLP

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... Read More

What Just Happened to the Federal Transfer Tax System?
Posted on 31 Dec 2009 by Richard A. Lang and Judith W. McCue

In 2010 a whole new set of tax rules could apply to gifts and assets passing from estates. The U.S. federal transfer tax system just found itself unceremoniously dumped on the side of the road by a Congress that sped off to attend to health care and... Read More

Multi-Tasking Property: Funding a GRAT With Property That Also Serves as Loan Collateral
Posted on 24 Nov 2009 by Sonja K. Johnson, Esq.

Introduction Many estate planning practitioners recommend the use of grantor retained annuity trusts (“GRATs”) as a tool through which individuals may reduce the ultimate estate tax liability of their estates. Property transferred to a... Read More

Estate Planning Update - December 2009
Posted on 30 Dec 2009 by Pepper Hamilton Trusts & Estates Practice Group

To Be or Not to Be - An Estate Tax? As Congress adjourns for the year, failure to act on new estate tax legislation means that the repeal of the Federal Estate and Generation Skipping Transfer (GST) taxes will go into effect in 2010. Before taking any... Read More