Gift Tax Planning
Gifting Assets to Others
May 8, 2023
People often like to gift assets to loved ones if they are financially able to do so. Some enjoy being able to witness their loved ...
Read More →
Q&A with Loraine: Tax-free Gifts
August 17, 2021
Question: How do I give money from my brother’s estate to other family members tax-free? Background: My brother, who lived in Arkansas, recently died and ...
Read More →
UPDATED 3/30/20: Gift Tax Return Due Dates Extended to July 15, 2020
March 25, 2020
UPDATE 3/30/20: The IRS has extended the deadline for gift tax return filings, too – July 15, 2020. You may read Notice 2020-20 under “Guidance” on the ...
Read More →
The Essence of Estate Planning: Let the Journey Begin
May 8, 2014
At its most fundamental level, estate planning is about controlling the otherwise-uncontrollable. Death is inevitable; disability is increasingly probable as we age. When death or ...
Read More →
Perpetual Dynasty Trusts – Maximizing The Benefits Of Trusts By Structuring Them To Last Longer (Updated April 2023)
October 21, 2013
In past issues of The Passionate Estate Planner, we have emphasized the benefits which trusts can provide for those who want to transfer assets to ...
Read More →
Courts Rule Against IRS in Defined-Value Transfer Cases; Clear the Way for Using Hard to Value Assets to Optimize 2010 Tax Act Gifting Possibilities
May 9, 2012
Alpharetta, Georgia—May 9, 2012—Defined-value transfers, a mechanism for gifting hard-to-value assets, has long been a target of the IRS, with the agency often arguing the ...
Read More →
The 2010 Tax Act, Gifts, and Perpetual Dynasty Trusts – The Perfect Estate Planning Combination
January 31, 2012
One of the many provisions of the tax law which became effective on December 17, 2010 (the “2010 Tax Act”) was a provision which effectively ...
Read More →
Charitable Giving and Social Capital
April 25, 2011
“Social capital” is essentially money or other assets which will be used for activities which benefit either the government or society. When you pay taxes, ...
Read More →