by Arthur Geffen | Jan 10, 2012 | Estate Tax, Gift Tax, Gifts
The recent stock market decline has depressed asset values. Interest rates used in various sophisticated estate planning techniques are at historic lows. And until the end of this year it’s possible to give away up to $5.12 million per person ($10.24 million...
by Arthur Geffen | Dec 16, 2011 | Estate Tax
The “Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010” allows estates of persons who died in 2010 to elect out of the federal estate tax. Although estate tax planners were aware of this option since the law was enacted in December...
by Arthur Geffen | Dec 1, 2011 | Estate Tax
Fewer than 3,300 estates will owe federal estate tax this year, the smallest number in more than 75 years (other than 2010 when the tax disappeared for the year). But, paradoxically, even as Congress shrinks the number of taxable estates, the law also...
by Arthur Geffen | Oct 20, 2011 | Estate Tax
If congress does nothing as can be expected, expect estates to pay a lot more estate tax.! A To-Do List for Estate Planning Get ready for possible changes in 2013 Estate Planning, Estate Tax Rates Slated to Change in 2013 – AARP...
by Arthur Geffen | Oct 14, 2011 | Estate Planning, Estate Tax
It’s easy to gripe about the rich manipulating the rules to lower their tax rates, but sometimes it’s better to simply borrow a few pages from their playbook. Finagling a low tax rate on income – as Warren Buffett talks freely about – might be difficult...
by Arthur Geffen | Oct 4, 2011 | Estate Attorney, Estate Planning, Estate Tax, Tax
The United States Internal Revenue Service (IRS) has reminded estates of married individuals dying after 2010 that they must file an estate tax return, before October 31, to pass along their unused estate and gift tax exclusion amount to their surviving spouse. It was...
