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Usually, when a taxpayer transfers assets to an irrevocable trust for the benefit of another person, the transferor pays gift tax on the ...

Artists and collectors face unique estate planning considerations. Artists and collectors should keep a comprehensive inventory of their w...

A charitable remainder trust is an irrevocable trust wherein the grantor/donor can effectively sell appreciated assets without immediate ...

A qualified disclaimer is an irrevocable and unqualified refusal to accept an interest in property. Because the system of wealth transfer...

A durable power of attorney is a legal document that authorizes an individual to legally act on behalf of another individual. The individ...

If you are a citizen or resident of the United States, you must file a gift tax return (whether or not tax is due) if you gave gifts to s...

Contrary to popular belief, no individual has a natural right to transfer property to others at his or her death.

To create the best estate plan for you and your family it is important that you work with a qualified attorney.

While future tax law changes are anyone's best guess, it's plausible that estate taxes may increase. If that turns out to be the case, gifti

What are the common reasons for restricting ownership of closely held stock?

There are nine community property states: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin.

Under the CARES Act, RMDs for IRAs are waived for calendar year 2020.

Review your estate plan if any of the following events are applicable to your situation...

A testamentary trust is a trust contained in a will.

Documents can be signed, witnessed and notarized 100% by video conference on a temporary basis due to Coronavirus

Internal Revenue Code Section 6166(a)(1) provides that an executor may elect to pay all or a portion of the estate tax attributable to a ...

Stimulus Payments: Up to $1,200 per person ($2,400 married joint) and $500 per child under 17. Eligibility is based on 2019 tax filing (...

New York Governor Andrew Cuomo has issued Executive Order 202.7, which temporarily suspends the rule requiring physical appearance before...

Learn how to avoid the three year rule problem.

Failure to file a FBAR when required to do so may result in civil penalties, criminal penalties, or both.