2011 & 2012: The Golden Gifting Years

As you should now know, The Tax Relief, Unemployment Insurance, and Job Creation Act of 2010 (the “2010 Tax Act”) became law December 17, 2010, and made a number of changes to the federal wealth transfer tax laws.  The federal wealth transfer taxes are the estate tax, the gift tax, and the generation-skipping transfer (“GST”) [...]

To What Extent Should You Rely On Temporary Wealth Transfer Tax Changes Made By the 2010 Tax Act?

The Tax Relief, Unemployment Insurance, and Job Creation Act of 2010 (the “2010 Tax Act”) was signed into law by President Obama on December 17, 2010. Among the 2010 Tax Act’s many provisions were a number of items relating to the federal wealth transfer taxes, which are the estate tax, the gift tax, and the [...]

Year End Planning Opportunities

As noted in the News Alert we sent out on December 20, 2010, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (“2010 Tax Act”) is now the law of the land, after having been signed by President Barack Obama on Friday, December 17, 2010.  What does the 2010 Tax Act mean [...]

The Time to Act is Now For Incredible Tax Planning Opportunities

What do you get when you mix low business, real estate, and other asset values with historically low interest rates and a historically low gift tax rate? Incredible tax planning opportunities! The economic turmoil which surrounds us today has caused many people to freeze, afraid to make changes to their assets. However, this same economic [...]