by Arthur Geffen | Apr 11, 2018 | Estate Planning, Estate Planning Solutions, Estate Tax
Attorneys, accountants point to family conflict as the biggest threat to estate planning. Tax reform and market volatility follow, respectively. Even with the estate tax exemption at $11.2 million per person, business owners and wealthy families need to head...
by Arthur Geffen | Apr 10, 2018 | Charitable Gifts
The reason charitable trusts and gift annuities make more sense now than before the new tax law is that by increasing the standard deduction, the new law dramatically cuts the number of taxpayers who will benefit from itemizing deductions, including deductions...
by Arthur Geffen | Apr 10, 2018 | LGBT, LGBT Issues
A survey found that 35 percent of same-sex married couples are still uncertain about their tax-filing status. Mistakenly filing as “married, separately” may result in loss of certain tax breaks. The IRS recognizes gay marriages but not civil unions...
by Arthur Geffen | Apr 5, 2018 | Estate Tax, Inheritance Tax
In addition to the federal estate tax of 40 percent, some states impose an additional estate or inheritance tax. Twelve states and the District of Columbia impose an estate tax while six states have an inheritance tax. Maryland is the only state in the country...
by Arthur Geffen | Mar 28, 2018 | Privilege
With a funeral home in ashes and an insurance company refusing to pay benefits, the last thing you’d expect to hear about is online security and the cloud. But that’s exactly what happened in 2014 when the Holding Funeral Home lost a building in Castlewood,...
