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Federal Estate Tax Portability: Why Credit-Shelter Trusts Are Still Optimal

In addition to extending the Bush administration tax cuts, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the "Act") signed into law by President Obama on December 17, 2010, implemented a number of changes to the federal estate, gift, and generation-skipping...

Federal Estate Tax Portability: Why Credit-Shelter Trusts Are Still Optimal

In addition to extending the Bush administration tax cuts, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the "Act") signed into law by President Obama on December 17, 2010, implemented a number of changes to the federal estate, gift, and generation-skipping...

Morrison & Foerster LLP: Consider Online Assets as Part of an Estate Plan

By Genevieve M. Moore , Morrison & Foerster LLP As one year ends and a new year begins, many people take stock of their assets and consider whether changes or updates are needed. Our clients are used to evaluating their hard assets - real estate, bank accounts, tangible property, investments -...

Morrison & Foerster LLP: Consider Online Assets as Part of an Estate Plan

By Genevieve M. Moore , Morrison & Foerster LLP As one year ends and a new year begins, many people take stock of their assets and consider whether changes or updates are needed. Our clients are used to evaluating their hard assets - real estate, bank accounts, tangible property, investments ...

Issuing a Trust’s Promissory Note to Defer Payment of a Unitrust Amount Should Not Cause the Trust to Recognize Gain or Loss

By Danielle T. Zaragoza, Esq. , Morrison & Foerster LLP The basic concept of a unitrust is that a fixed percentage of the fair market value of a trust's assets, redetermined each year, is paid out to the "income" beneficiary, regardless of the availability of income to fund the...