For those thinking that a GOP victory in the race for White House is going to change the landscape for the estate and gift tax, think again. According to a recent article in the Politico, the estate and gift tax is likely...
Category: Estate Planning Blog
T-100
September 26, 2012
Just in case everyone forgot, there are only 100 more days before taxmageddon. Today’s posting by Americans for Tax Reform goes into gory detail about the particulars. These are the highlights for what awaits in 2013:...
Give Til’ it Hurts
September 12, 2012
Don’t look now, but 2012 is almost over, and it is now time to start thinking about year-end tax planning. The old saying is true, you can’t take it with you, and if you give it away, Uncle Sam lets you deduct the gift...
Read My Lips…
July 25, 2012
Many people that I’ve talked with lately are more optimistic than I am about the possibility of a last minute “deal” to delay Taxmageddon, at least as it pertains to the estate tax. Simply put, they write...
And So It Begins…Taxmageddon
July 11, 2012
For some time I’ve been warning my clients about “Taxmageddon.” Taxmageddon is the term describing the onslaught of tax increases set to begin on January 1, 2013, upon the expiration of the Bush Era tax cuts. Much...
A chain is only as strong as its weakest link. The same is true in estate planning. As estate planners, most practitioners focus on probate avoidance and tax planning. While these are important, more and more, the...
Eduardo has Left the Building
May 16, 2012
On the eve of the Facebook IPO, the big news is that Eduardo Saverin moved to Singapore and renounced his United States Citizenship in order to reduce the capital gains tax on his shares of the popular social media company. ...
Taxmageddon
May 2, 2012
“Taxmageddon” is the word being used to describing the massive tax increases on the horizon. Of particular interest to estate planners are the changes to the estate and gift tax and the increase in the capital gains tax....