LexisNexis® Legal Newsroom
Tax Benefits Stay with Life Estate Owner

Will your taxes change if you make a gift of real estate subject to a life estate over a straight gift of real estate? Guest blogger Stacey Crowell Maiden, Esq. , Of Counsel to our Trusts and Estates and Elder Law Practice Group provides an explanation of this common, but non-intuitive planning technique...

Still Time To Plan in 2010: The Estate Tax—We Are Still Flying Blind

With only two months left in 2010, the uncertainty surrounding the estate tax still hangs over our heads. There have been a variety of bills proposed over the past two years, yet we do not have an answer as to what 2011 will bring, and if we look in the rear-view mirror, there are still many...

Changes To The Federal Estate, Gift and Generation-Skipping Transfer Taxes For 2011 And 2012

By Trusts, Estates & Nonprofit Organizations Group, Morrison & Foerster LLP On December 17, 2010, President Obama signed into law the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Authorization Act ( H.R. 4853 , "the Act"). The Act affects a wide range...

Estate and Gift Tax Alert

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 Bush era income tax rates, with a top rate...

Portability of the Estate Tax Exemption of the First Spouse to Die - LexisNexis® Podcast

On this edition, attorney Randy Spiro discusses how the estate tax exemption of the first spouse to die is only portable if an election is made on that spouse's estate tax return. He explains how many surviving spouses will not want to incur the cost of filing when the estate of the first spouse...

University of Southern California Gould School of Law 2011 Tax Institute

Matthew Bender and the University of Southern California Gould School of Law are pleased to present this new compilation of fourteen articles written by the biggest names in the field of taxation. The articles are divided into three areas: corporate; partnership and real estate; and estate planning....

A Time Bomb of a Tax Code

There's a lot of serious news out there - tragedy, health care, a nuclear Iran. It seems the news of the day roars at us. But if you turn down the sound, you can hear it: tick, tick, tick. What is it, you say? It's the federal tax system, and it's set to explode. And if it does, there...

2012 ALEC-Laffer Report Strikes Familiar Theme

The just-released 5 th edition of Rich States, Poor States , the American Legislative Exchange Council's (ALEC) report on economic competitiveness of the states, reaches familiar conclusions shadowing those set forth in preceding editions: How the 50 states, described in the report as "laboratories...

Obama vs. Romney: What It Means for the Estate Tax - Will It be Eliminated or Renewed?

The December 31, 2012 sunset date for the estate tax, as provided by the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, is once again quickly approaching, and in typical fashion there is a divide over what the fate of the estate tax should be. With the Obama and Romney...