by Arthur Geffen | Dec 3, 2012 | Estate Tax
Obama wants to raise the rate to 45 per cent after a $3.5 million exemption. If the Bush rates are allowed to expire and Congress does nothing, the rate will shoot up next year to the pre-Bush levels of 55 per cent after a $1 million exemption. Obama pursues...
by Arthur Geffen | Nov 29, 2012 | Tax
For Want of a Nail For want of a nail the shoe was lost. For want of a shoe, the horse was lost. For want of a horse, the rider was lost. For want of a rider, the message was lost. For want of a message the battle was lost. For want of a battle the kingdom was...
by Arthur Geffen | Sep 28, 2012 | DOMA, LGBT, LGBT Issues
As same-sex couples wait for the Supreme Court to decide if it will hear one of five challenges to a law that bans federal recognition of gay marriage, opening arguments were heard Thursday in one such case in New York. The case before the U.S. 2nd Court of...
by Arthur Geffen | Sep 19, 2012 | Estate Planning, Estate Planning Solutions, Trusts
"Put not your trust in money, but put your money in trust," counseled Oliver Wendell Holmes more than 100 ago. The advice remains sound today — depending, of course, upon whether you know how to choose the appropriate trust for your...
by Arthur Geffen | Sep 10, 2012 | Estate Planning, Estate Planning Solutions, LGBT, LGBT Issues
Several challenges to the Defense of Marriage Act could reach the Supreme Court within the next year, but only one involves the estate tax that surviving same-sex spouses are forced to pay when a partner dies. The consequences can be severe, as Edith Windsor,...
