-
26 Jan 2022
2022 Estate & Gift Tax Update
2022 continues the recent trend of an historically large federal unified exemption amount for bequests and lifetime gift-giving, and because of this significant change from earlier years, careful review of tax planning provisions in existing estate planning documents is warranted ‒ as well as consideration of lifetime gift planning. -
08 Dec 2020
2021 Estate & Gift Tax Update
2021 continues the recent trend of an historically large federal unified exemption amount for bequests and lifetime gift-giving, and because of this significant change from earlier years, careful review of tax planning provisions in existing estate planning documents is warranted ‒ as well as consideration of lifetime gift planning. -
10 Dec 2019
2020 Estate & Gift Tax Update
2020 continues the recent trend of an historically large federal unified exemption amount for bequests and lifetime gift-giving, and because of this significant change from earlier years, careful review of tax planning provisions in existing estate planning documents is warranted ‒ as well as consideration of lifetime gift planning. -
08 Oct 2019
IRS Steps Up Focus on Cryptocurrency
The Agency's recent flurry of letters to cryptocurrency owners, coupled with additional if overdue guidance, sheds light on its thinking. -
16 Apr 2019
Offshore Accounts? Hiding Assets? Who, Me? The FinCEN, the FBAR, and the FATCA.
Many U.S. citizens or residents own bank and other financial accounts located outside the United States for perfectly legitimate reasons, but some may be unintentionally running afoul of "money laundering" laws -- and risking stiff penalties -- by not annually reporting those accounts when the value exceeds $10,000. -
04 Dec 2018
2019 Estate & Gift Tax Update
2019 continues the recent trend of an historically large federal unified exemption amount for bequests and lifetime gift-giving, and because of this significant change from earlier years, careful review of tax planning provisions in existing estate planning documents is warranted ‒ as well as consideration of lifetime gift planning. -
17 Jul 2018
Who Gets My 401(k)?
The determination of who gets your 401(k) at your death depends on a combination of factors -- whom you intend as a beneficiary of your Plan is not always the same person as who is your Beneficiary. -
09 Jan 2018
2018 Estate & Gift Tax Update
2018 brings a large increase to the federal unified exemption amount for bequests and lifetime gift-giving, and this significant change warrants careful review of tax planning provisions in existing estate planning documents ‒ as well as consideration of lifetime gift planning. -
12 Sep 2017
Should We Get Married?
The ultimate question of whether to marry is far beyond the scope of a law-related article, but there are a number of legal implications pertaining to one's financial matters that arise upon the declaration of "I do," some of which are the subject of this month's A Legal Moment. -
19 Apr 2017
Who Gets What? The Right of Survivorship Feature in Jointly Owned Assets
Although an effective tool generally to avoid probate, a Right of Survivorship Feature in jointly owned assets can have unintended consequences. -
13 Dec 2016
2017 Estate & Gift Tax Update
While 2017 brings only incremental increases in the Federal exclusion amounts for bequests and lifetime gift-giving, the significant changes in, and uncertainty about, exclusion amounts over the past 5-10 years warrant careful review of tax planning provisions in older estate planning documents. -
12 Jul 2016
Asset Titling: How is Your Car Titled?
The manner in which assets are titled can have significant repercussions in terms of transfer at the owner’s death -- and potentially in other areas. With that in mind, you may wish to take a moment to check the title to your car; what you find may surprise you. -
09 Feb 2016
2016 Estate & Gift Tax Update
Recent increases in the Federal exclusion amounts for bequests and lifetime gift-giving warrant reviewing existing estate planning documents. -
13 Oct 2015
PODs & TODs: Proceed (or Not!) with Caution
Setting up "Payable on Death" and "Transfer on Death" accounts warrants extreme caution, and in many cases, it may be better to forego such designations altogether. -
10 Jun 2015
IRA & Life Insurance Beneficiary Designations: Time for a Tune-up?
A substantial portion of a person’s assets may be governed by beneficiary designations rather than by the terms of that person's Will. It is important to pay careful attention to beneficiary designations to make sure, in the event of your death, that your property is distributed according to your wishes.
Comprehensive Legal Services for Businesses and Individuals.
Enjoy the advantages of combining the diverse practice of a large firm with the personal relationship only a small firm can offer. Contact Us
