by Arthur Geffen | Aug 31, 2010 | Estate Planning Solutions
Certain ideas with respect to estate planning are widely accepted, yet unfortunately, inaccurate. This article will reveal and explain the most commonly stated estate planning myths. BusinessWest
by Arthur Geffen | Aug 30, 2010 | Charitable Gifts, Estate Planning Solutions
One common estate planning technique the IRS has opposed or blocked for years is “charitable lid planning.” This technique relies on “defined value” and “value adjustment” clauses or similar provisions in wills, deeds or other transfer documents to cap the...
by Arthur Geffen | Aug 27, 2010 | Estate Planning Solutions, Estate Tax, Gift Tax
All three techniques also provide the transferor with an income stream for a fixed period. Finally, all three techniques take advantage of the actual rate of return on the transferred assets as compared to the assumed rate of return utilized by the IRS to value...
by Arthur Geffen | Aug 27, 2010 | Estate Planning Solutions, Gift Tax
A bigger issue as 2010 winds down, however, has become the gift tax, which is linked to the estate tax to prevent people from giving away their fortune in life to avoid taxes at death. It now stands at 35 percent, the lowest rate since the 1930s. And since a...
by Arthur Geffen | Aug 26, 2010 | Estate Planning Solutions
If it’s not in writing….. What the twice-divorced lawyer didn’t leave behind was a single sheet of paper that would have bequeathed to his longtime companion the 28 cars she says he meant her to have. Lawyer’s Lover Loses His Corvettes, 1936 Mercedes: Ann Woolner...
