Robert AdlerSep 11, 2022Estate Planning with Different Types of TrustsA trust is a device for controlling how assets are held and distributed. Trusts can be revocable or irrevocable. There are many differnt...
Robert AdlerJul 29, 2022Estate Planning Flowcharts - Six Common Structures for Affluent FamiliesThoughtful estate planning will protect your heirs and help minimize taxes. It's never too early to start planning, but it can be too late.
Robert AdlerJun 19, 2022Deceased Spousal Unused Exclusion (DSUE) Amount -- PortabilityEstates of decedents dying on or after January 1, 2011, may elect to transfer any unused federal estate tax exclusion amounts to the...
Robert AdlerMay 6, 2022Report of Foreign Bank and Financial Accounts (FBAR)The Bank Secrecy Act requires taxpayers to report foreign bank accounts, brokerage accounts and mutual funds, to the Treasury Department....
Robert AdlerFeb 15, 2022What is the difference between carryover basis and a step-up in basis?In planning for gifts of property, if the donor has a choice among more than one type of property to be transferred as the gift(s) (e.g.,...
Robert AdlerDec 25, 2021New Regulations Update Life Expectancy TablesThe Internal Revenue Service has issured final regulations relating to the life expectancy and distribution period tables used to...
Robert AdlerDec 24, 2021Unlimited Marital DeductionA key element of the unified estate and gift tax system is the unlimited marital deduction. The estate and gift tax structure permits...
Robert AdlerOct 2, 2021Taxation of Non-grantor TrustsNon-grantor trusts, are separate taxpaying entities. Income taxes generated by the trust are paid for by the trust. The trust must file...