by Arthur Geffen | Nov 23, 2020 | Estate Planning, Estate Planning Solutions, IDGT
High-net-worth clients recognize that they need to be prepared for sudden changes in tax laws and market valuations. But in the face of political uncertainty and market volatility, it may be difficult to choose which assets to transfer into trust, or determine fair...
by Arthur Geffen | Nov 19, 2020 | Estate Planning Solutions, Estate Tax, Gift Tax
The current federal gift and estate tax rate is 40% and once an individual uses his or her lifetime exemption (currently $11.58 million and scheduled to drop to about half of that in 2026, perhaps sooner in light of election results) tax planning becomes difficult and...
by Arthur Geffen | Nov 12, 2020 | Estate Lawyer, Estate Planning, Estate Planning Solutions, tr, Trusts
Spousal lifetime access trust, or SLAT, planning can provide powerful estate and tax planning opportunities – and perhaps one of the most popular techniques for married couples for the foreseeable future given the possible changes in the law post-election and to help...
by Arthur Geffen | Nov 11, 2020 | Estate Planning, Estate Planning Solutions
Before the presidential election, many wealthy taxpayers were worried that a “blue wave” would mean a reduction of their $11.58 million estate, gift, and generation-skipping transfer tax exemptions. That’s because the Democrats were expected to propose lowering those...
by Arthur Geffen | Sep 22, 2020 | Estate Attorney, Estate Lawyer, Estate Planning, Estate Planning Solutions
So you have gone through all of the work to get your estate planning documents finalized, you have had your signing meeting with your attorney, and now it is time to celebrate that you are done, right? In most cases, the answer is not quite yet. There are few...
by Arthur Geffen | Sep 17, 2020 | Estate Planning, Estate Planning Solutions, Estate Tax
If you have an estate that may be subject to estate tax next year, particularly if the November election results in a greatly reduced federal estate tax exemption in 2021, now is the time to remove assets from your taxable estate if you can comfortably afford...
