by Arthur Geffen | Aug 10, 2011 | Estate Tax
On August 5, 2011, the IRS published long-awaited guidance for executors of estates of people who died in 2010. Notice 2011-66 explains how these executors can opt out of the estate tax, and Revenue Procedure 2011-41 explains the special tax rules that apply to...
by Arthur Geffen | Jun 27, 2011 | Estate Planning, Estate Planning Solutions, Estate Tax, Generation Skipping Tax, Gift Tax
According to CCH, a leader in tax and accounting services and software, here’s how things will change at the end of 2012 unless, of course, Congress tinkers with the rules again: 2011-2012 2013-? Maximum Tax Rate 35% on excess over $5 million Phases in starting...
by Arthur Geffen | Jun 9, 2011 | Estate Tax
In fact, if well-crafted, the existence of an estate tax could boost economic activity It’s hard to add much to the cacophony of opinions out there on Republican Presidential hopeful Gov. Tim Pawlenty’s economic policy speech on Tuesday. To...
by Arthur Geffen | Mar 30, 2011 | Estate Planning, Estate Tax
Myth: Without careful planning before you die, your heirs will have to fork over a big part of their inheritance to cover the “death tax.”Reality: There are plenty of reasons to put time into an estate plan, but for the vast majority of Americans,...
by Arthur Geffen | Jan 18, 2011 | Estate Tax, Offshore
JUST IN CASE YOU HAVE A DUAL CITIZENSHIP, YOU MAY WANT TO CONTACT YOUR ADVISOR! The US federal estate tax began applying on US assets of Israeli citizens on January 1, 2011. The tax can reach a maximum of 45% on the transfer of a deceased person’s assets to his...
by Arthur Geffen | Dec 23, 2010 | Estate Planning, Estate Tax
Estate planning attorneys will now need to meet with their existing will or revocable trust clients, or with new clients with old wills or trusts, to make sure that their existing wills or trusts, which may have been drafted during an era when there was...
