by Arthur Geffen | Jun 22, 2012 | Gift Tax, Gifts
TIME IS RUNNING OUT TIME may — or may not — be running out for one of the biggest tax breaks for wealthy Americans: the chance to give up to $5.12 million to heirs tax-free and then pay a comparatively low 35 percent rate on any gift above that. The break is scheduled...
by Arthur Geffen | Jun 22, 2012 | Income 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 | Jun 18, 2012 | Estate Planning, Estate Planning Solutions
TIME IS RUNNING OUT! This may seem like an odd time to bring up President Obama’s proposed budget for 2013, released last February, but a recent blog post on Nerd’s Eye View reminded me that there are only a few months to go before a popular trust strategy — the sale...
by Arthur Geffen | Jun 14, 2012 | Estate Attorney
by Arthur Geffen | Jun 12, 2012 | Dynasty Trusts, Estate Attorney, Estate Lawyer, Estate Planning, Estate Planning Solutions, Estate Tax
Those who manage the wealth of the rich and super-rich are warily eyeing an Obama administration budget proposal for 2013 that would require people who create trusts, known as grantors, to include the assets of their trusts in their own estates for estate tax...
