by Arthur Geffen | Aug 8, 2013 | Dallas Estate Lawyer, Dallas Probate Lawyer, Estate Planning, Estate Tax, IRS, Living Trust
It is easy to find material that will tell you what a great thing it is to “avoid probate”. Maureen Mangiardi’s father, Dr. Joseph Mangiardi,managed it for the bulk of his estate. According to a recent decision in US District Court for the Southern...
by Arthur Geffen | Aug 7, 2013 | Dallas Estate Lawyer, Dallas Probate Lawyer, Estate Tax, Portability
To make a valid portability election, the Internal Revenue Code (“Code”) requires an executor to make the election on an estate tax return filed within the “time prescribed by law” (including extensions) for filing that return. The Code further requires estate...
by Arthur Geffen | Jul 31, 2013 | Estate Planning, Estate Planning Solutions, Estate Tax, Retirement Planning
When crafting their estate plans, some people neglect to pay much attention to how best handle their retirement accounts. And that lack of attention to detail can create potential problems–such as higher estate and income taxes–for their heirs. Many...
by Arthur Geffen | Jul 29, 2013 | Estate Attorney, Estate Lawyer, Estate Planning, Estate Planning Solutions, Estate Tax
Reduced home values and low interest rates work in your favor when it comes to two strategies that could save your heirs a bundle on estate taxes. As part of the American Taxpayer Relief Act passed in January, Congress has permanently set the federal estate tax...
by Arthur Geffen | Jul 22, 2013 | Estate Planning, Estate Planning Solutions, Estate Tax
In Mr. Gandolfini’s case, the most common tag-line is that his will is a tax disaster. Here is Gandolfini’s will. Many say it dispenses his $70M estate in a clumsy and ill-advised way that lops off $30M first for the IRS. The stories should make any tax man go...
by Arthur Geffen | Jul 9, 2013 | Estate Planning, Estate Planning Solutions, Estate Tax
James Gandolfini’s unexpected death last month in Italy is back in the news, this time because a large portion of the actor’s $70 million estate reportedly will be subject to the federal estate tax. The will left by Gandolfini, best known as the...
