by Arthur Geffen | Sep 23, 2010 | Estate Tax, Income Tax
For the 400 richest Americans, 2010 may go down as the best year ever when it comes to paying taxes. A fixture since 1916, the federal estate tax lapsed on Jan. 1, potentially saving huge sums for the heirs of Metromedia founder John Kluge, Texas pipeline...
by Arthur Geffen | Sep 23, 2010 | Medicare
It’s about time! A bill targeting corporations found guilty of Medicare or Medicaid fraud — and the executives who were in charge when it happened — passed the U.S. House by voice vote Wednesday with bipartisan support. It now moves to the Senate. The...
by Arthur Geffen | Sep 23, 2010 | Estate Planning Solutions
Banks are often reluctant to accept powers of attorney for fear of being sued if the power of attorney isn’t valid. A certain amount of caution on the part of financial institutions is understandable. Still, some institutions go overboard, for example...
by Arthur Geffen | Sep 22, 2010 | Gifts
* Generation-skipping transfer tax has lapsed for 2010 * GST tax set to jump to 55 pct next year * Need to make gifts directly to grandkids, not a trust Wealthy U.S. families have the chance to make their grandchildren rich this year without paying hefty taxes,...
by Arthur Geffen | Sep 22, 2010 | Medicaid
The vital importance and the staggering cost of Medicaid have become painfully clear over the last two years. Millions of out-of-work Americans have turned to Medicaid to help pay their medical bills. State governments, which share the cost with Washington,...
